TradingSense

The 9 week  SPX   rally reversed in this first week of 2024, possibly starting a double top from the Jan 2022 high.  We closed just under 4700. This week we get the CPI, a few Bond Auctions, and Big Bank earnings on Friday. Fasten your seatbelts :) 2023 performance: S&P500: +24%         Nasdaq 100: +56%            Dow: +14%          Small Caps: +17%     Gold +14%           US dollar -19%           Bitcoin: +153% What to Expect in the Markets Next Week  - CPI, bank earnings Bonds  -dropped  The  Dollar  -rallied  Gold   down a bit Oil  up a bit Bitcoin /Crypto  -still mostly flat Pops &   Drops/5 day movers :  COIN, HUT, MARA, etc. gave back even more! Als...

The SPX rallied for a 9th week, closing around 4770, so still not yet  back   at the Jan 2022 highs  ( indexes ), the level where the 2022 bear market started.  We could see some profit taking as the New Year starts, after this historic 9 week rally. 2023 performance: S&P500: +24%         Nasdaq 100: +56%            Dow: +14%          Small Caps: +17%     Gold +14%           US dollar -19%           Bitcoin: +153% What to Expect in the Markets Next Week  - Profit taking? Fed minutes, Jobs report Bonds  -up slightly  The  Dollar  -down slightly  Gold   up slightly  Oil  down  slightly Bitcoin /Crypto  -mostly flat Pops &   Drops/5 day movers :...