TradingSense

   We closed out the week at around 5459 on the SPX, after dropping for a 2nd week. Likewise for the Nasdaq100 and the Semis, but the DOW and Small-caps both rallied for a 3rd week (the DOW was up 655 points on Friday)! GOOGL & TSLA both saw big drops after reporting earnings, MMM popped 22%! Homebuilders rallied for a 3rd week, to all time highs! The pullback in the market seems to be only in the Nasdaq and the S&P500, unlike the pullback we saw in April. Time will tell whether we continue to drop, as we get Earnings from big tech this week, along with a Fed meeting, and another monthly Jobs report -busy week! Next week:   Schwab Weekly Trader's Outlook Another Big Earnings week -MSFT, META, AMZN, AAPL, AMD, and more. Fed on Wed . Jobs report on Friday The 10 year Interest rate -dropped a bit The Dollar -flat Gold - dropped a bit Oil -dropped again Bitcoin/Crypto :  another huge rally New all time highs: ABBV, CL, HIG - DHI, PHM, TOL, LEN , - AJG , SFM...

   We closed out the week at around 5505 on the SPX, more than a 100 point drop from the prior week. All the indexes pulled back, as the VIX Futures expired on Wednesday. The weekly charts show a possible topping tail on the DOW & Small-caps, along with the Financials. Semis showed a double top on the daily chart.  We’ve started a pullback in the market, similar to what we saw in April -time will tell how much further it will fall.  *Biden drops out of 2024 presidential election Next week:   Schwab Weekly Trader's Outlook Big Earnings week -GOOGL, TSLA, and more. PCE report on Friday New all time highs : WMT, ISRG, WM, The 10 year Interest rate was mostly flat The Dollar -also flat Gold -rallied then pulLed back Oil -dropped a bit Bitcoin/Crypto :  Huge rally Pops & Drops/5 day movers : COIN, MARA, Earnings movers:  UNH popped,  ASML, TSM, DPZ dropped Percent of stocks above 5- day Moving Average : 63% -no change (rallied & ...