TradingSense

    We closed out the week at  around 5460  in the SPX,  after hitting another new all time high (4th week in a row), tho we saw a 2nd weekly drop in NVDA, AVGO, MU & VRT.  TSLA was up 8% for the week. Like last week, with the Dollar rising, and stocks arguably near extremes, we could soon see a pause in this rally -the Nasdaq has already been flat for the past 2 weeks, and the Semis have dropped for 2 weeks. Once again, the S&P touched 5500 and the Nasdaq touched 20000, but they both reversed from those levels. We ended the first half with the S&P 500 up 15.1%, and the Nasdaq up 19%. The market will be closed on Thu for the July 4th holiday, and on Friday we get the monthly Jobs report. S&P 500 gain in first half of 2024 blows historical average ‘out of the water’ The  Dollar  -was up slightly The 10 year Interest rate (4.34%)  -up a bit Gold  -mostly flat Oil  -up for a 3rd week Bitcoin /Crypto  -dropped for a...

  We closed out the week at another new all time high of  around 5465  in the SPX, tho we saw a drop in NVDA, AVGO, AAPL MU, and other high fliers. With the Dollar rising, and stocks arguably near extremes, we could see a pause coming in this rally. Next week could be a quiet one with no major economic reports or earnings, just the PCE on Friday.   The  Dollar  -was up for a 3rd week The 10 year Interest rate (4.22%)  -up a bit Gold  -down a bit Oil  -up for a 2nd week Bitcoin /Crypto  -dropped for a 2nd week What to Expect in the Markets Next Week  -GDP,  PCE on Fri Schwab  Weekly Trader's Outlook Pops &   Drops/5 day movers :  GILD , SRPT   popped,  Earnings :    New all time Highs :    GOOGL, WMT, BSX, REGN, CL, AFL, MMC,     -All time  LOWS :   -- Percent of Stocks Above 50-Day Average  ...up  from  36 to 39%  Top 100 Stocks T...