Weekly Video Update for May 16-20, 2022.

Each week, a video is prepared which analyzes and evaluates current conditions of the S&P 500.
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Weekly Video Update
For May 16-20, 2022
The Week’s Session
Recap 1: Week of May 9 - 13, 2022
For the Week:
Continued selling and volatility due to growth concerns and a negative technical analysis picture.
The markets are concerned that the Fed will remain aggressive with tightening plans as inflation data remains high. The current plan is to have 0.50% hikes at the next two meetings and to begin a tapering program.
The idea that inflation has topped has been revived (CPI and PPI were moderated).
Russia has threatened retaliation if Finland joins NATO.
The lockdown news in China is conflicting: Some reports suggest more aggressive lockdowns in some areas while others suggest less aggressive lockdowns in other areas.
Oil demand forecasts have been lowered after seeing a cut in oil prices in Asia due to weaker demand.
The S&P 500 fell below 4000 and nearly entered Bear Market territory but it was regained in Friday’s session and used as an entry point for buying.
Down: -2.41% 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
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 16-20, 2022
Major Economic Reports to be released:
Tuesday:
Retail Sales, Industrial Production and Capacity Utilization.
Wednesday:
Housing Starts and Building Permits
Thursday
Existing Home Sales
Things to Watch:
Technicals, inflation and interest rates, geopolitical concerns, Russia/Ukraine, China/Supply chain, Oil, Fed Speak, Earnings, Japan.
Monday, May 16, 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]