TradingSense

We got a 3rd weekly rally and closed near 5650 on the SPX , around 100 points higher than the prior week, though we did see a big drop in markets on Thu before the Fed announcement. The DOW and the NYA reached new all time highs (over 41,000 on the DOW) , while the Small-caps saw a big rally for a 3rd week as well, but it is still below the Aug 1st level seen before the big market drop. We’ll see what next week brings, maybe new all time highs on the SPX? NVDA earnings and the PCE report ahead.  The US Dollar saw another big weekly drop (dropping for 8 weeks), as Gold reached a new high above 2500. The 10yr Interest Rate dropped slightly after the Fed Jackson Hole presentation. Next week:   Schwab Weekly Trader's Outlook NVDA earnings/Wed PCE report on Fri The 10 year Interest rate -dropped a bit, holding under 4% The Dollar -dropped again Gold -rallied as the Dollar dropped Oil -dropped  a bit Bitcoin/Crypto :  -big rally on Fri over 64,000 New all time highs ...

We got a huge rally and closed out the week at around 5554 on the SPX more than 200 points higher from the prior week, as the VIX dropped at its fastest pace ever!   Interestingly the DOW is almost back up to its all time high, while the NYA pretty much closed at all time highs! We’ll see what next week brings, it could be a quiet week with no major economic reports on the calendar. … Wall St wraps up best week of the year as recession fears fade Next week:   Schwab Weekly Trader's Outlook Fed on Fri/Jackson Hole. The 10 year Interest rate -mostly flat at just under 4% The Dollar -dropped a bit Gold -rallied as the Dollar dropped Oil -dropped  a bit Bitcoin/Crypto :  -dropped  a bit New all time highs :  BIRK, CAVA, CLBT, FI, OKE, HRB, GDDY, ISRG, NVS, REGN, TMDX, SAP -odd list.  ALL time lows:,  Pops & Drops/5 day movers : SBUX popped, JBLU, TME dropped Earnings movers :  DE, WMT, popped,    Percent of stocks above 5...