Stock Market Weekly update -Jun 25th

 The market rolled over a bit last week after a 5 week run. This week we close out the 2nd Quarter, with the S&P up around 14% for the year, the Nasdaq100 up a whopping 36%, while the Small-caps only returned around 4%. TLT was up around 5% (20y Bonds). Semiconductors were up around 45%. Could be a quiet week as we close out the quarter, with no major events this week.

The long term 'weekly downtrend' from the January 2022 high in the SPX (weekly 20MA line) has  turned back to an uptrend.  We've been chopping around in a range since  April 2022, and 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): -dropped last week.
The Dollar -was up a bit. 10Yr Interest rate was mostly flat.
Gold & Oil dropped.
Bitcoin/Crypto saw a big rally.

New all time Highs:   AAPL, BSX, CELH, CAH, HCA, LLY, DHI, PHM, 
    -all time LOWS:   LCID, CGC, 

S&P 500 - 1st pullback week after the big rally...
 The pink Box shows this week's expected range +-45




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? Interest rates?
Over $32 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: WBAGIS, MUNKE, 
Events:



PCE

This week's charts: 



5/28: S&P vs DAX vs Japan


Japan now!

Links...

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