Stock Market Weekly update -Jun 18th

 The Nasdaq100 popped again last week, as did the other indexes as we closed out the huge $4Trillion June quarterly Options expiration.   Potential market movers: Fed, VIX futures Expiration.

The long term 'weekly downtrend' from the January 2022 high in the SPX (weekly 20MA line) has  turned back up.  We've been chopping around in a range since  April 2022, and now broke above that range.  Less  likely now maybe, but this weekly trend could also eventually take us back down to the pre-Covid highs of early 2020. The DOW & the Small-caps already touched that level and rallied back up (see pics below). 

NYA (NYSE composite) & IWM (small-caps): -up again last week.
The Dollar -dropped. 10Yr Interest rate was mostly flat.
Gold & Oil was mostly flat.
Bitcoin/Crypto was up slightly.

What to Expect in the Markets Next Week - Fed before Congress, VIX expiration
Pops & Drops/5 day movers:  ADBE, ORCL popped   -HUM, UNH dropped
New all time Highs:   AAPL, NVDA, MSFT, PANW, FTNT, DHI, PHM, LLY,    -all time LOWS:   CGC, TLRY, 

S&P 500 - we made it way above the prior Target line! could go either way next...
 The pink Box shows this week's expected range +-45
The Blue target line shows the Aug high of around 4300 



6/18 S&P500: Next move?? Another RSI signal here?



DOW -leading up

S&P500

NASDAQ


1/1/23:  Indexes vs Pre-Covid early 2020 highs -the DOW already got there & reversed


Market concerns:   Inflation? 
Over $31 Trillion in debt!  See Debt Clock on the left, or here... 

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -dropped again -at multi-year lows!
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, XLF, XLE,  EEM,  GLD/SLV,

Stocks AAPL, AMZN, GOOGL, META, MSFT, NVDA, TSLA...

Next week:      
MTWThuF
Earnings: FDX
, 
Events:

FEDFED

This week's charts: 



5/28: S&P vs DAX vs Japan


Japan now!

Links...
ETFs performance - Ranked by  Volume
S&P 500 Sector performance 

News:

Wall Street Isn’t Buying What Powell, Economists Are Forecasting

24/7 Wall St.
Fear & Greed Index 

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