TradingSense

  The SPX saw a big drop for a 2nd week (now further below the 200MA), falling back to the Feb highs, a potential support level! T he Small-caps are at a much lower level, now all the way back to the Oct 2022 lows!  T he VIX was up for a 6th week. What to Expect in the Markets Next Week  - another big earnings week -AAPL etc. Also the Fed & the  Monthly Jobs report The  Dollar  - was up a bit.   However the 10Yr Interest rate  moved up to 5%, then pulled back. Gold  rallied for a 3rd week,  Oil  was down a bit. Bitcoin /Crypto  saw a huge rally to over 35000! Pops &   Drops/5 day movers :  DECK popped to ATH!  GOOGL dropped after earnings, as did ALGN CVX F UPS Percent of Stocks Above 50-Day Average  ...dropped to 16% New all time Highs :   DECK      -All time  LOWS :   PTON, SPCE    S&P 500  - big pull  back last week -another...

  The SPX dropped last week (now below the 200MA), falling just below  prices from the past 3 weeks, similar to the other indexes, tho the Small-caps are at a much lower level year to date, dropping back to the pre-covid 2020 highs once more!   T he VIX was up for a 5th week. What to Expect in the Markets Next Week  - big earnings week,  The  Dollar  - dropped a bit after a 13 week rally!  However the 10Yr Interest rate  was up. Gold  rallied strong for a 2nd week,  Oil  was up a bit. Bitcoin /Crypto  rallied. VIX  - was up again  Pops &   Drops/5 day movers :  NFLX popped, TSLA dropped Regions Bank dropped below pre-covid 2020 highs, like many other banks - chart . Percent of Stocks Above 50-Day Average  19% New all time Highs :   zip!     -All time  LOWS :      BYND CHWY LCID VFS S&P 500  - big pull  back last week -another big earnin...

The SPX has been mostly flat for the past 3 weeks after the initial 4 week drop.  We saw some selling again on Thu & Fri. The Small-caps are back down almost to the lows we saw in 2022, which also happens to be the pre-covid highs seen in early 2020 -a further break below this level would not be a good sign! H owever, n one of the other indexes are near this level .  We also saw the VIX rally on Friday. From a weekly view, the 10 year Interest rate pulled back after a multi-week rise.  What to Expect in the Markets Next Week  - big earnings week, retail sales data. The  Dollar  - rallied again, now in a 13 week rally!  But the 10Yr Interest rate  dropped a bit. Gold  rallied,  Oil  was up a bit. Bitcoin /Crypto  was down a bit. VIX  - was up again  Pops &   Drops/5 day movers :   LLY, NVO, MRO,  Percent of Stocks Above 50-Day Average  25% New all time Highs :   LLY, NVO, AFL, PGR,...