Weekly Video Update for May 9-13, 2022.

Each day the market is open, a video is prepared which analyzes and evaluates current conditions of the S&P 500.
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Weekly Video Update
For May 9-13, 2022
The Week’s Session
Recap 1: Week of May 2 - 6, 2022
For the Week:
Volatile week with continued concerns over earnings disappointments, rising interest rates, slowing growth, inflation and Fed policy.
Down: -0.21% for the week.
Volume:
Above Average
Fixation:
Technicals, inflation and interest rates, geopolitical concerns, China/Supply chain, Oil, Fed Speak, Earnings.
Trend Condition:
Strengthening Trend: Negative
Interest Rates Increased
As expected, the FOMC raised the Fed Funds Rate to 0.75% in the second rate hike of 2022.
Fears of future rate hikes of 0.75% were calmed during the post-FOMC press conference. The markets rallied on Wednesday only to surrender all gains on Thursday, and a continued choppy decline on Friday.
Sectors
Current Market Valuation
https://currentmarketvaluation.com/
Sentiment
FED Watch
Breadth Analysis
Advance/Decline, NH/NL Studies
Trend Analysis
Long Term
Months to Years
Chart Variations
Trading Systems
Broad Market
Stocks
Broad Market
Other Markets
Relative Studies
Outlook for May 9-13, 2022
Major Economic Reports to be released:
Wednesday:
CPI
Thursday
PPI
Friday:
University of Michigan Consumer Sentiment- Preliminary
Things to Watch:
Technicals, inflation and interest rates, geopolitical concerns, Russia/Ukraine, China/Supply chain, Oil, Fed Speak, Earnings, Japan.
Monday, May 9, 2022 Scenarios
1. Down (Negative)
A. Rising interest rates and inflation fears.
Earnings and Fed Speak that spooks the markets.
B. Technicals negative and not ST oversold.
2. Up (Positive)
B. Possible positive scenarios
B. Technicals: MAs and pivots may provide support/resistance.
3. Sideways: (Neutral)
ADX is above 20, starting but declining and showing a negative trend.
Thank You!
John Clay
The SPX Investing Program
[email protected]