TradingSense

  The Indexes recovered from the sharp Fed pullback, then unexpectedly gave back some of the gains with a big drop on Friday. NVDA continued to struggle since its last earnings announcement on Nov 21, and now trading at the same level from last June . Long term Interest rates moved up again! Let's see what Jan 2025 brings after the 25% run in the SPX for 2024! The SPX chart continues to look good, trending steadily above the weekly 9MA and the 20MA. This week:   Schwab Weekly Trader's Outlook Wed -New Years day holiday. Santa rally? Last chance! The 10 year Interest rate -rallied again 4.62% The Dollar -another week up 108.00 Gold - flat at  $2621 Oil -up a bit  to 70.18 Bitcoin/Crypto :  - choppy, now near the 95k level   New all time Highs : RGTI, URBN, DRI,  - short list     ALL time Lows :  – ABEV, CGC,  Pops & Drops/5 day movers :,   - Pops:   RGTI, QBTS, RUM,  Drops -  Earnings move...

  The Indexes saw a sharp pullback after the Fed interest rate announcements on Wednesday, followed by a small recovery on Friday. The DOW also recovered a bit after dropping consistently for 11 days, similar to the Russell2000. Long term Interest rates moved up again, as did the Dollar! The Mag7 all pulled back except for AAPL, while NVDA ended mostly flat for the week. Market Breadth continued to weaken, dropping to as low as 80% of S&P500 stocks being below their 50day moving average price. Huge trading volumes on Friday too, as we saw a multi trillion dollar year end Options Expiration. This week:   Schwab Weekly Trader's Outlook Wed -Christmas day.  ½ day on Tuesday Santa rally? No major reports or earnings this week. The 10 year Interest rate -rallied again to 4.525% The Dollar -another weekly rally to 107.80 Gold - dropped to  $2622 Oil -dropped to 69.50 Bitcoin/Crypto :  - dropped from 108k to around the 95k level on Sun   New all time H...