Weekly Market Report – 8/21/22

Weekly Market Report

SPY was flat for this week, bounced off the 200 SMA (red – 431.04) and was not able to stay above the 61.8% (423.91) Fibonacci level. Questions for next week are if it will hold the mid June/July range over 417, or break down. If it breaks down, will the 50% retracement at 412.12 hold?

Bitcoin

BTC dropped around 10% this week, and has lost the 20 and 50 EMAs (blue and green lines). Now they could act as a resistance for a reversal. If that doesn’t happen will BTC hold 20K?

Weekly Market Heatmap

source: finviz

Yields & Rates

source: koyfin
The 2 year (white) is still offering the highest yield at over 3.2%, while the 30 year (green) and the 10 year (blue) offer less — an inverted state at ~20 year records. All rates remained in an upward trend this week, but their spreads are closing in.

The VIX

The VIX was up 1.28% this week, indicating more fear and volatility in the S&P 500. The Fear & Greed Index moved from 55 to 51, back to neutral.

The US Dollar

The US Dollar gapped up on Friday, up almost 2.5% for the week.

Collectibles

Superman Investments


4 Tips to Manage a Comic or Card Collection

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