TradingSense

  We saw a big drop last week after the Fed meeting, making it the 3rd weekly drop, and continuing a reversal of the big 2023 uptrend . Bonds also saw a huge drop after the Fed meeting, pushing long term interest rates even higher.  On Friday, we’ll get the PCE Price Index report, as we close out the month of September and the 3rd Quarter. U.S. national debt tops $33 trillion for first time What to Expect in the Markets Next Week  -  The  Dollar  - was up again -10th week!  The 10Yr Interest rate  also pushed up again. Gold  was flat, as was  Oil ,  holding up near the  recent high! Bitcoin /Crypto  was slightly up. VIX  - popped last week  Pops &   Drops/5 day movers :  SPLK popped, NIO, SQ dropped for an 8th week  Biotech was down -also WBA continued to drop for many weeks, like DG, DLTR, TGT, and others We also saw drops in NVDA & TSLA New all time Highs :   nothing of signific...

 We gave back some gains last week, placing the market at sort of an indecision level for this week, when we get the much anticipated CPI & PPI reports. We also have an Apple event this week, and Retail sales reports. What to Expect in the Markets Next Week  - CPI The  Dollar  - was up again -8th week!  The 10Yr Interest rate  was up a bit Gold  dropped, while  Oil   rallied again to a new recent high! Bitcoin /Crypto  was slightly down again. VIX  - flat last week  Pops &   Drops/5 day movers :  WBA continued to drop, like DG, DLTR New all time Highs :   DELL, LLY, MPC, WMT   -all time  LOWS :    AMC, SPCE S&P 500  - Pulled back last week  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! ...

We got a big pop in the markets last week, recovering some of the losses from prior weeks. Next week we have a 4 day trading week with little in the way of potential market moving events. What to Expect in the Markets Next Week  - Miscellaneous reports The  Dollar  - was up a bit -7th week!  However the 10Yr Interest rate dropped for a 2nd week. Gold  was up for a 2nd week, while  Oil   rallied to a new recent high! Bitcoin /Crypto  was mostly flat again. Pops &   Drops/5 day movers :  AFRM popped again.  WBA continued to drop, like DG, DLTR New all time Highs :   DELL, LLY, NE, TOL, VRT,    -all time  LOWS :     S&P 500  - Nice rally last week  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! ...