TradingSense

 Despite the bleak market headlines, the market was actually up last week, mostly due to a strong Mon & Tue rally from an oversold level. We're off to a rocky October start! This week's events include the CPI report, along with earnings kickoff from the big banks. The long term weekly ' downtrend ' from the January high continues in the SPX (weekly 20MA)... European currencies rallied then pulled back, with correspondingly opposite moves in the Dollar. Bonds dropped again/higher rates -11th week? The US Dollar was up a bit, Gold was up, and we saw a big rally in Oil. ...and the debt clock now shows over $31 TRILLION! What to Expect in the Markets Next Week  -CPI report on Thu Bitcoin/Crypto was flat, still bouncing around 20k Pops : XOM   Drops :  AMD, TSLA, AMT,  S&P 500  -  Still trying to bounce? -in a 'weekly' downtrend.  S&P 500 weekly  - the downtrend from Jan continues $ NYA  -NYSE Composite & ( IWM )  Sm...

Another week in September, yet another drop in the markets, 3 in a row now, losing approximately 500 SPX points, and taking out the June lows! Another ugly quarter, and year to date we've seen big losses in both stocks and Bonds, with nowhere to hide. The British Pound collapsed somewhat until a bond buying rescue plan was announced. The long term weekly ' downtrend ' from the January high continues (weekly 20MA)... Bonds dropped again -10th week? The US Dollar rally paused a bit, Gold's down move maybe stalled a bit, while Oil was mostly flat. What to Expect in the Markets Next Week  -monthly Jobs report on Friday too Bitcoin/Crypto was flat , around  20k Pops : BIIB  Drops :  AAPL, NKE, KMX, CCL and others S&P 500  -  Dropped again last week -in a 'weekly' downtrend, but oversold.  $ NYA  -NYSE Composite & ( IWM )  Small-caps: Also dropped HYG - High yield  Corporate Bonds    (2 yr chart ) -ditto LQD - Investment grad...

We got a nice 3 day rally last week, taking out the prior week's losses. We'll see if we get some continuation this week. Market moving events include the CPI & PPI reports, along with Sep Options expiration on Friday -huge positioning for this month. The long term weekly ' downtrend ' from the January high continues (weekly 20MA)... Bonds dropped, the US Dollar seem stuck here, like Gold, while Oil dropped again. What to Expect in the Markets Next Week Bitcoin/Crypto rallied -above 21k Pops: ZS, DOCU, REGN S&P 500  -  Rallied last week, but still in a 'weekly' downtrend  $ NYA  -NYSE Composite & ( IWM )  Small-caps: Also rallied HYG - High yield  Corporate Bonds    (2 yr chart ) -ditto LQD - Investment grade  Corporate Bonds    (2 yr chart )  - ditto Market concerns:   Inflation, Rising Rates, Russia/Ukraine...   Over  $30  Trillion in debt!   See Debt Clock on the left, or...

  We got a follow-thru drop on Monday, then a rally, then a massive drop on Friday after the Fed Jackson hole speech -tho he didn't say anything different from what he's been saying! This probably confirms that the huge 4 week rally was just a a bear rally which reversed at the 200MA. The long term weekly ' downtrend ' from the January high probably probably holds now... Next week we get the monthly Jobs report on Friday, another potentially market moving event, along with a few other economic reports. Same as last week! Bonds dropped and the US Dollar rallied. Gold dropped. What to Expect in the Markets Next Week Bitcoin/Crypto dropped as well, now approaching the June lows! Pops: SNOW, PANW   -Drops: AAP, DLTR, ZM S&P 500  -  -still in a 'weekly' downtrend  $ NYA  -NYSE Composite & ( IWM )  Small-caps: Also dropped HYG - High yield  Corporate Bonds    (2 yr chart ) -Also dropped LQD - Investment grade  Corporate ...