TradingSense

We pretty much ended the week right where we started, around 5300 on the SPX, tho we saw a big drop on Thursday.  The small-cap Russell2000 is still showing weakness.  Thursday's huge drop could b a a sign of further weakness ahead -we'll see. T he VIX popped on Thu as markets dropped, and as the VIX Futures contract expired on Wed. NVDA popped on Thu after reporting blowout earnings again, and also announcing a 10:1 stock split. Next week we close out the month of May (markets are closed on Monday). The  Dollar  -was up a bit  The 10 year Interest rate -also up a bit Gold   dropped Oil  -was kind of flat to down Bitcoin /Crypto  -saw another nice weekly rally What to Expect in the Markets Next Week  -PCE, earnings Schwab  Weekly Trader's Outlook Pops &   Drops/5 day movers :     FSLR, MRNA,  popped -NVAX  was up for a 3rd week.  FXI pulled back after a 4 week rally (China) Earnings :   NV...

We  got a big rally after the CPI report on Wednesday, taking us to new all time highs  around 5303 on the SPX, surpassing the all time highs set in March. Likewise for the Nasdaq 100 and the DOW. However the small-cap Russell2000 is still far from its all time high set in October 2021. T he VIX dropped further, holding near multi-year lows. Next week we'll see if this 4 week rally continues. The  Dollar  -dropped (3 weeks now) The 10 year Interest rate -also dropped Gold   rallied to all time highs of around 2414 -and Silver popped! Oil  -was up a bit Bitcoin /Crypto  -saw a nice rally What to Expect in the Markets Next Week  -Earnings, Fed minutes Schwab  Weekly Trader's Outlook Pops &   Drops/5 day movers :    AMD/GME  popped -also HOOD. NVAX  popped for a 2nd week.  FXI was up for a 4th week (China) Earnings :   WMT  rallied   - New all time Highs :    AMAT, BSX, AFL, CB...