Weekly Market View

Weekly Market View 1-19-25

Jan 19, 2025 | Weekly Market View

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...

Weekly Market View 1-12-25

Jan 12, 2025 | Weekly Market View

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...

Weekly Market View 1-5-25

Jan 5, 2025 | Weekly Market View

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....

Weekly Market View 12-29-24

Dec 29, 2024 | Weekly Market View

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...

Weekly Market View 12-22-24

Dec 21, 2024 | Weekly Market View

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...

Weekly Market View 12-15-24

Dec 15, 2024 | Weekly Market View

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...

Weekly Market View 12-8-24

Dec 8, 2024 | Weekly Market View

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...

Weekly Market View 12-1-24

Nov 30, 2024 | Weekly Market View

The SPX closed higher for the week by +1.1% in just the 4 days for the holiday shortened week and +5.7% return for the month of November which lived up to its true form of being the top calendar month of the year seasonally during election years. SPX hardly even...

Weekly Market View 11-24-24

Nov 24, 2024 | Weekly Market View

The SPX closed higher for the week by +1.75% after the prior week’s sharp dip held the 21 day EMA perfectly and ending up being a normal retracement after monthly expiration which is common. This week the market also showed great resiliency, closing higher than its...

Weekly Market View 11-17-24

Nov 17, 2024 | Weekly Market View

The SPX closed lower on the week after a quiet start to expiration week the first 3 days pinning near 6000 but then getting that anticipated dip to the rising 21 EMA after this strong recent runup. OPEX accelerated the Friday selloff and likely was not much else than...

Search by Ticker Symbol