TradingSense

 We got a big pop last week, breaking out above a resistance area of around 4450 and closing around 4405 on the SPX. The weekly uptrend continues in the SPX & the Nasdaq100. However the Nasdaq100 will undergo a rebalancing this weekend, which could affect this Index & individual stocks going forward. Upcoming earnings this week will probably let us know whether we go even higher, or stall in this area. We get more earnings from the Banks & from some DOW companies, also NFLX, TSLA, and more. We also have July Options Expiration on Fri, along with VIX futures expiration on Wed. The  Dollar  - tanked!  Likewise, the 10Yr Interest rate dropped! Gold  and  Oil  rallied, like equities, as the Dollar dropped. Bitcoin /Crypto  -still flat for a 3rd week after the  big rally . What to Expect in the Markets Next Week  - earnings Pops &   Drops/5 day movers :  Crypto stocks popped,  New all time Highs :    C...

Last week we gave back all of that massive rally we saw on the last day of June (Friday)!  So we're still trying to get past that 4450ish level on the SPX which was first touched in the middle of June, and again on the last day of June. Upcoming events this week might let us know whether we can get past this area -CPI, and earnings among them. The  Dollar  - was down a bit.  Tho the 10Yr Interest rate was up! Gold was  somewhat flat for a 2nd week, while  Oil  was up. Bitcoin /Crypto  -still flat after the  big rally . What to Expect in the Markets Next Week  - CPI, Bank earnings Pops &   Drops/5 day movers :  RIVN, RIOT, CRBU popped New all time Highs :    AN, DO, NE, JBL,        -all time  LOWS :    ,  S&P 500  - down for the week  The pink Box shows this week's expected range +-50 6/18 S&P500:  Next move?? Another RSI signal here? DOW -leading up S...

 We saw a drop on Monday following the prior week's drop, followed by a huge rally for the rest of the week, bringing the SPX to a new high for the year, close to where we were 2  weeks ago. We closed out a very strong 2nd quarter, with most of the gains in June, and with most of the gains coming from the big 7 Tech stocks.  The semiconductor sector was also up 50% for the year! Energy was down 6%. Holiday week... Happy 4th! The  Dollar  - was up a bit.  10Yr Interest rate was up as well. Gold &  Oil  were somewhat flat. Bitcoin /Crypto  was flat after the  big rally . What to Expect in the Markets Next Week  - Friday Jobs report, Fed minutes Pops &   Drops/5 day movers :  CCL, COIN, JOBY rallied,   -WBA dropped New all time Highs :     AAPL, FTNT, PANW,  ON, TJX, LLY, DO,        -all time  LOWS :    CGC, RAD S&P 500  - big rally to close out the ...