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Jason Ruchel

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Weekly Market View 2-16-25

The SPX closed strong for the week up another +1.5% with Nasdaq leading to fresh new all-time closing highs, not bearish occurrences clearly. Markets continue to be resilient in a clear bullish trend that now looks poised to unleash a potential surge to highs as this...

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Weekly Market View 2-9-25

The SPX closed nearly unchanged for the week after a mostly bullish advance since the Monday gap down that was overblown and found buyers at key support near 5950 while leading stocks were green most of the week, especially some growth names that reported stellar...

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Weekly Market View 2-2-25

The SPX closed slightly lower on the week only due to the late Friday tariff tantrum that coincided with the SPX right at the highs of the month nearly as it filled the gap at 6100 and actually hit a high of 6120 before sliding back to a close near 6040. Overall the...

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Weekly Market View 1-19-25

The SPX closed strongly higher on the week by +3% after the lows Monday held perfectly at the anchored VWAP from the August lows and lined up with the election gap fill level of support near 5780. RSI also confirmed the move higher as it breaks above a trendline while...

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Weekly Market View 1-12-25

The SPX closed lower on the week by nearly -2% after starting the week with a gap higher that made its peak near 6025 before slipping lower into the employment report Friday and now getting closer to filling that elusive election day open gap near 5780 which would...

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Weekly Market View 1-5-25

The SPX closed the holiday shortened week on a strong note ending Friday back near 5950 and just above its 8 day EMA as well as the 55 day as it retested and held the anchored VWAP from the Sept lows and formed a solid double bottom with bullish divergence on RSI....

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Weekly Market View 12-29-24

The SPX closed higher on the week by +0.7% even after the Friday selloff retraced some of the strong four day advance but still overall closed the week above its 55 day MA support of 5920 and the late day rally nearly got back to 6000 which should be a key line in...

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Weekly Market View 12-22-24

The SPX closed a rollercoaster week down by -2% but well off the lows and featured a violent Friday rally that rose 150 SPX points or nearly 3% over a few hours and the lows coming right off a key anchored VWAP from the September lows which was at 5845. The late day...

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Weekly Market View 12-15-24

The SPX closed slightly lower on the week by -0.6% but overall a quiet rangebound week within the expected move in the options market and settling right at the 8 day EMA of 6050. Stronger support is at 6000, which now lines up with the rising 21 EMA as prices...

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Weekly Market View 12-8-24

The SPX closed higher for the week by +1% into new all time highs, hitting 6100 while the Nasdaq tech names led the move with the QQQ adding over +3.3% on the week. The market continues to defy the bears and with larger forces at play going into year end with a market...

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