Money Vikings Investing - Week of 6/18/2023
In This Issue: Market Report, Finviz/Sector Analysis, Sentiment Analysis, 🟢 A Radioactive ☢️ Trade, Featured Finance Authors, Jerry’s Options Trading Portfolio, Not to Late for Dad!
First of all, Dad’s out there—Happy Father’s Day! If you are not sure what to get your dad, perhaps consider setting him up with a Money Vikings Premium Subscription.
Market summary for the week is in, and what a week it was! Besides all the bullishness everywhere after the Fed’s expected pause, I was surprised to see the Agricultural Commodities up over 4%, almost double what the S&P did. We continue to see low volatility, and Bitcoin seems to be picking up on the news of iShares filing for a Bitcoin ETF. SPY, touching 440 on Friday, the market is on rocket fuel. Driven by Technology, we are seeing massive gains in this area. Looking for signs of exhaustion, but not seeing them quite yet other than being oversold and a downwards pointing RSI on the daily. Next stop is the April 21,2022 450 unless we give it back next week.
⬆️ S&P 500: +2.21%
✈️ DOW + 1.29%
🧢 IWM Small caps -0.20%
🏎️ QQQ 3.75%
💼 Rates/Bonds: Almost +1% for TLT, 10 Year Rate -0.069 bp
🚩Fed Watch: about 70% probability of a rate hike on July 26th
🎢 Volatility: -1.81% at 13.53
🛢️ Commodities: DBA (Agriculture Fund) was up 4.12%, Oil was up 1.12%, and Gold was down -.040%
🍔Sectors were up with Technology leading up 4.11% and Energy up a hair.
💪 AAII Sentiment 45.2% Bullish, 32.1% Neutral, 22.7% Bearish, a small increase in bullishness since last week
📈📉 Economic Events Next Week:
Monday 6/19 - Holiday
Wednesday 6/21 - Fed Chair Powell Testifies
Thursday 6/22 - Initial Jobless Claims, Existing Home Sales (May), Fed Chair Powell Testifies, Crude Oil Inventories
Friday 6/23 - Services PMI (June)
Finviz Heat Maps and Sector Analysis
The Fear and Greed Index & Market Temperature
We continue to get into Extreme Greed territory, up about 5 points from the prior week. The Put/Call ratio is around .70, (-.04 from last week) and that is bullish as more people are buying calls that puts. TheMarket Temperature is very bullish in overall news sentiment and the S&P 500 is as well.
The financial blogging market is on fire! Many amazing articles out there about diversification, how to educate kids in financial literacy, and a very humbling story about investing in Amazon from our friends at, , and
Radioactive Trade - URA Covered Call
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