📈 THE WEEK IN 20 CHARTS

Focus on what is important.

Amazon ($AMZN) with an all time high close after solid earnings.

Bitcoin ($BTCUSDT)continues to struggle at the 65K level and closed be low the 12 weekly SMA

Coinbase ($COIN)broke its 12 weekly SMA for the first time in 2024

Russell 2000 ($IWM) continues to struggle with the 200 level.

Regional Banking ETF ($KRE) is setting up against a multiyear downward trend line (DTL)

Meta Platforms ($META) held the weekly RSI above 50 but needs more time to rebuild.

Microstrategy ($MSTR)with its first close under the 12 week simple moving average in 2024

Nvidia ($NVDA) makes another higher high as earnings approach in two weeks.

Nasdaq ($QQQ) back over the 12 week SMA and held the 50 RSI level.

Semiconductors ETF ($SOXX) are following the Nasdaq but seem to lack the power they once had.

S&P 500 ($SPY) is off 1% from all time highs and investors are buying more sectors then just tech.

10-Year Treasury ($TNX) continues to hold the November 1st level which was during the FOMC meeting.

Supermicro Computers ($SMCI) is trying to form a bottom along the $710 support

Financials ETF ($XLF) are leading the SP500 which is a classic move in any bull market.

AMD ($AMD) continues to struggle and has broken the 50 RSI on the weekly

Consumer sentiment and Presidential elections are heavily linked. 80 has been the level for an incumbent.

“Lost decades” lead to strong bull markets. The 60/40 bond equity trade underperformance is a precursor to every massive bull run

Historical US labor productivity has always increased with new technology. From the buggy whip to AI.

Rates volatility remains more elevated than equity volume. Bond insurance is dropping which is good for equities.

Data demand growth is driving a surge in data center power use. No power. No AI.

Watch this video before the release of CPI and PPI. This is an enormous week for the market and you do not want to be unprepared.