Equities ended the week on a positive note, the SPX +47pts (0.6%) to 7757, which made for a net weekly gain of +267pts (3.7%).
sp’weekly1b
Summary
SPX: a second consecutive weekly gain. Last week’s candle – which offered a spike floor from 7313, played out. Weekly bollinger has turned positive, and will likely remain so into mid September.
Upper bollinger is offering 7971, as 8K is viable within 2-4 weeks.
Lower bollinger – currently 6626 (and rising), will be a subsequent downside target.
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Miscell’ things
*I will be inclined to add some extra things late Friday/Sat’, so check back at least once this weekend.
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Weekend chatter from the Whalen
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… if anything, OSCR is catching my attention.
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I would certainly argue the bond market determines rates… NOT the Fed.
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The latest from the Zitron on AI
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The weekly wrap on geo-politics.
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The Celente… calling it, for what it is.
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The weekend
Two days to rest/recover, and work a little.
Once again, I’ve intentions to finalise my accounts/taxes (I’m 80% done).
I’ve sideline entertainment from Star Trek: Strange New Worlds, perhaps a movie, and the season’3 finale of House of the Dragon. The wait (2years?) for the final season will be… difficult. I wonder where I will be in 2028.
As ever, feel free to message me via X, Disqus or email.
Sincerely, have a restful weekend, and goodnight from London
yours… Philip
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The weekend post will appear Sat’ 12pm EDT @ https://tradingsunset.blogspot.com, and will detail six of the US equity indexes (monthly candle charts).