TradingSense

  We ended the 1st week of April pretty much where we started in the SPX.  The DOW was up a bit, while the Small-caps were down a bit. Overall we have been trending 'up' in the Nasdaq since the beginning of the year, maybe aiming for the high we saw last Aug.  First Republic bank ( FRC ) continued to lag near the bottom of the recent drop. The Regional Bank index ( KRE ) closed even lower since the initial drop 4 weeks ago!  But the VIX is approaching lows for the year! We could see the S&P go either way next week, possibly still trying to  get back up to the Feb high of around 4200, or maybe pulling back from this 4 week rally.  The expected move for next week is +- 80ish points on the S&P, which could take us to the 4200 level!  The long term  'weekly  downtrend '  from the January 2022 high continues in the SPX  (weekly 20MA line)  tho its trying to turn back up.  We've been chopping around in a range since last...

  We closed out the Quarter with a 3rd week  higher   on the indexes, except for the Small-caps (drag on banks) which was only up last week for the 1st time. The Nasdaq100 broke above a resistance level (the prior high from Feb 2nd), as the S&P500 is still trying to get to that level, tho it closed 50 points higher than the expected move for the week -very strong.   First Republic bank ( FRC ) continued to lag near the bottom of the recent drop.  We could see more upside action in coming weeks for the S&P to get back up to the Feb high of around 4200 the expected move for next week is +- 55 points on the SPX. We have a short trading week with the Good Friday holiday. Monthly Jobs report on Friday! The long term 'weekly downtrend ' from the January 2022 high continues in the SPX  (weekly 20MA line)  tho its trying to turn back up.   Less  likely now maybe, but this weekly trend could also eventually take us down to the pre-C...

  We closed higher for a 2nd week on the indexes, except for the Small-caps (drag on banks). The Nasdaq100 is back up to a potential resistance level (the prior high on Feb 2nd), tho the S&P500 is still a long way away from that same high, and the Small-caps are near 6 month lows! The Financials headed lower still, approaching the Oct lows ( XLF ).  The Fed raised rates another .25 points. Failing bank  Credit Suisse was rescued by UBS.   First Republic bank ( FRC ) continued to tumble. The long term weekly ' downtrend ' from the January 2022 high continues in the SPX  (weekly 20MA line) .   Less  likely now maybe, but this weekly trend could also eventually take us down to the pre-Covid highs of early 2020! The DOW & the Small-caps have already touched that level and rallied back up (see pics below).   NYA (NYSE composite) & IWM (small-caps): -did not participate in last week's rally. The Dollar dropped for a 2nd week, as did Int...