Weekly Market Report – Once again, the S&P 500 (SPY) ended the week down -2.39%. It is trading below the 200 day EMA (red line) and the 50 day EMA (green line). Technology was the worst hit sector, down over -5%, followed by Communication Services and Healthcare. The winners this week were Energy up 3.17%, and Materials up 1.27%. GLD was up over 2% this, and other commodities and business associated with farming continue to do well. The VEGI ETF up 4%, MOO up 1.63%, and DBA was up 2.54%. The dollar (DXY) is continuing to trade very strong, up over 2% the past couple of weeks, but getting into oversold territory. DAL reported positive earnings last week up 14%, bringing the JETS ETF up over 6.30%.
The Weekly Crypto Report – BTC ended the week down -6.5%, and could not hold above the 50 EMA (green line). There seems to be a battle between buyers and sellers at the psychological 40K mark.
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