TradingSense

  The SPX rallied for a 4th week, closing around 4560, while the Nasdaq 100 closed near the July 2023 highs ( indexes ). Based on the chart pattern, we could see further upside in the SPX to the July high area. NVDA dropped a bit after earnings, possibly indicating a double top.  What to Expect in the Markets Next Week  - PCE report. The  Dollar  - dropped for a 4th week, as stocks rallied for a 4th week.  The 10Yr Interest rate  was flat. Gold  was up, while  Oil  dropped . Bitcoin /Crypto  was up again, crossing above 38000. Pops &   Drops/5 day movers : ARM, BURL, GPS, COIN were up.  -CHPT, FSR  dropped,  New all time Highs :   AFL, PGR, NVO, V,    -All time  LOWS :   -- Percent of Stocks Above 50-Day Average  ...moved up to 66%  S&P 500  - another rally week -maybe heading to the July high Nasdaq100 -back up at the July highs Small-caps -still lagging...

  The SPX rallied for a 3rd week, closing just above 4500, and we saw the Nasdaq 100 closing near the highs for the year -quite a comeback from the October lows!.  ( indexes ) Watching the Bond auctions on Monday. Also NVDA earnings on Tuesday. Short holiday week. Tech stocks wrap up strongest three-week rally since early days of Covid in April 2020 What to Expect in the Markets Next Week  - Bond auctions, NVDA earnings  The  Dollar  - dropped.   The 10Yr Interest rate  also dropped. Gold  was up, while  Oil  dropped . Bitcoin /Crypto  was mostly flat. Pops &   Drops/5 day movers : TGT popped,   WMT  dropped New all time Highs :   AVGO -All time  LOWS :   CHPT, FSR, LAZR Percent of Stocks Above 50-Day Average  ...moved up to 61%  S&P 500  - big breakout out after the CPI report DOW -leading up S&P500 NASDAQ 1/1/23:  Indexes vs Pre-Covid early 2020 high...

  The SPX saw another rally last week, following the huge rally of the previous week, and now taking us above the 4400 level on the SPX.   T he Small-caps and the DOW continue to lag - indexes . This week we get CPI/PPI data, along with earnings from the big retailers (WMT, HD, etc) -the market has had a huge recent run so we'll  see where it goes from here. What to Expect in the Markets Next Week  - CPI/PPI,  Earnings, Government shutdown rumblings Moody’s Changes U.S. Credit Outlook to ‘Negative’ The  Dollar  - was up a bit.   The 10Yr Interest rate  was mostly flat. Gold  dropped, as did  Oil . Bitcoin /Crypto  continued its rally! Pops &   Drops/5 day movers :  DDOG popped, DISH, GRPN, PLUG, TTD, UPST dropped Percent of Stocks Above 50-Day Average  ...dropped to 40% New all time Highs :   AVGO, CAH, DELL, MSFT, PGR -All time  LOWS :   LCID ,  S&P 500  - broke ab...