Stock Market Weekly update -Oct26
The market popped to new all time highs on Friday after the CPI report. All the indexes have now fully recovered from the huge 10/10 panic drop in the market! Next week we get Big Tech earnings & the Fed! Gold dropped after rallying for 9 weeks, while Oil rallied. Crypto recovered a bit after dropping for 2 weeks. NFLX and DECK dumped on earnings. Quantum stocks dropped. ”The S&P 500 officially breaks above 6,800 for the first time in history, now up over +40% since the April 2025 bottom” 10/19 The VIX popped, then dropped on Friday! VIX Futures expire this Wed -we ‘could’ see a further VIX drop (bullish for the S&P). 10/26 We did get that further drop in the VIX! And a pop in the market… Mega Caps Daily Uptrend Daily Downtrend Crypto AAPL NVDA TSM GOOGL META -dbl top? MSFT? NFLX TSLA? AVGO? AMZN? BTC -choppy ETH -multiple week downtrend -needs to overcome 4000 SOL -downtrend? Choppy. Needs to get above 200. The week ahead:...