S&P 500 Market Outlook For The Week of April 25-29, 2022.

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Each week, a video is prepared which analyzes and evaluates current conditions of the S&P 500.
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The Week’s Session
Recap: Week of April 18 - 22, 2022
For the Week:
Concerns over rising interest rates, inflation and Fed policy led to a negative week.
Thursday saw an intraday move of 2.7% but the real damage was done on Friday with a 2.77% decline.
Down: -2.8% for the week.
Volume:
Above Average
Fixation:
Technicals, inflation and interest rates, geopolitical concerns, China/Supply chain, Oil, Fed Speak, Earnings.
Intraday
10-Minute Chart
Index performance
Sector Performance
Current Market Valuation
Sentiment
AAII Survey
Rydex Bear/Bull Ratio
VIX
Ulcer Indicator
Chicago Fed National Financial Conditions Index (NFCI)
ICE BofA US High Yield Index Option-Adjusted Spread
NAAIM Weekly Survey
FED Watch
FED Balance Sheet
Breadth Analysis
Advance/Decline, NH/NL Studies
Trend Analysis
ADX
Aroon Indicator
Mass index
Long Term: Months to Years
Daily Pivot Points
Support and Resistance levels
S&P 500 Trend
BPI: Bullish Percent Index
Chaiken Oscillator
Chaiken Money Flow
Force Index
McClellan Oscillator
Summation Index
Momentum Oscillators
PMO: Price Momentum Oscillator
PMO Studies
RSI: Relative Strength Index (14)
SpecialK Indicator
Swenlin Trading Oscillator
Williams %R
StochRSI
VTX: Vortex
Ultimate Oscillator
MFI: Money Flow Index
%B Indicator
Chart Variations
Heiken-Ashi
Kagi
Renko
Equivolume
Pnf: Point and Figure
Three-line Break
Trading Systems
S&P 500 Elder Impulse System
SAR: Stop and Reverse
Broad Market: Stocks
Major Indexes
ACWI ETF: All stocks
Midcaps
Small Caps
Dow
Dow Theory
NASDAQ
NASDAQ 100: NDX
NYSE Composite
WLSH: Wilshire 5000
FANG
ARKK Innovation
Dynamic Software Index
S&P 500 vs Staples Ratio
Broad Market: Other Markets
CRB/SPX Ratio
GOLD: GLD
Silver: SLV
Oil
US Dollar Index
Relative Studies
Bonds/Stocks Ratio
InterMarket Analysis
Gold/USD
Gold/SPX
SPLV: S&P Low Volatility ETF/SPY Ratio
Growth/Value Ratio
NDX/SPX Ratio
OEX/SPX Ratio
Discretionary/Staples Ratio
Energy/Tech Ratio
Outlook
Technicals: Negative. ST and some IT indicators oversold.
The markets remain in a trendless IT range.
Growth vs Value battle
Supply Chain issues
Economic Reports:
None
Geopolitical events:
Russia/Ukraine. China/Supply Chain. Inflation & Interest rates. Oil. Earnings. Fed Speak.
Major Economic Reports to be released:
Tuesday:
Durable Goods, Consumer Confidence, New Home Sales.
Thursday:
GDP-Advance.
Friday:
Personal Income & Spending. PCE Prices, Employment Cost Index, Chicago PMI, Consumer Sentiment Final.
Things to Watch:
Technicals, inflation and interest rates, geopolitical concerns, Russia/Ukraine, China/Supply chain, Oil, Fed Speak, Earnings.
Scenarios:
1. Down (Negative)
A. Rising interest rates and inflation fears.
Earnings and Fed Speak that spooks the markets.
B. Technicals negative.
2. Up (Positive)
A. ST and some IT oversold.
B. Positive backdrop after yield curves re-invert and Staples spike.
B. Technicals: MAs and pivots may provide support/resistance.
3. Sideways: (Neutral)
ADX is below 20 but starting to climb and showing a negative trend.
Price movement slow-down and choppy.
Conclusion
Overview: The SPX is negative.
Short-Term: Negative but oversold.
Intermediate-Term: Negative and partly oversold.
Oscillators: negative and below important MAs.
Long-Term: Negative: Below 200 SMA.
Available Videos
Daily Snapshot Video
Daily Video update: full-length
Weekly Video
Monthly Videos
Markets
Economy
Sectors
International
Thank You!
John Clay
The SPX Investing Program
John@SPXInvesting.com

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