In terms of economic announcements, starting on Tuesday we have New Home Sales, JOLTS Job Openings, and ISM Non-Manufacturing PMI. All of these give markets an early read on housing demand and service sector health. Wednesday brings ADP Employment Change and Crude Oil Inventories, setting the tone ahead of Friday's marquee jobs report. All eyes land on Friday's NFP, Average Hourly Earnings, and Unemployment Rate which could all create a potential volatility catalyst heading into the weekend.

Additionally, we have another highly anticipated week for earnings. The most anticipated companies include PLTR, AMD, SHOP, LITE, COHR, ANET, APP, AFRM, OXY, SMCI, PYPL, and DVN.

Events & Livestream Schedule

Upcoming Earnings Releases

Economic Calendar

Broad Market Analysis

/SPX500USD: SP500

The SP500 moved higher last week, setting a new all time high once again and closing
above $7200 to end the week.
As long as $7000-$7035 continues to hold as support, look for a move higher here to
$7250/$7500/$7640-$7650 in the future.
If $7000 cannot hold as support in the future, look for a move lower down to major
support at $6800. Anything below $6800 and expect a move to $6800/$6400 in the
future.

$S5FI: SP500 Stocks Above 50-Day Average

Short term breadth remained unchanged last week essentially, but it did manage to close
slightly above 55% for the week.
For this week, if 55% acts as resistance, look for a move lower down to 45%/40% in the
future to test support below.
If 55% can be held as support, look for a move higher to 65%. Anything above 65% and
targets would be 72.50%/75% in the future.

$S5TH: SP500 Stocks Above 200-Day Average

Long term breadth put in an inside bar last week, with it still sitting below key resistance
at 57.50%-60%.
For this week, if 57.50%-60% continues to hold as resistance, look for a move lower
down to 52.50%/50% in the future. If 50% cannot hold as support, look for a test of
45%/40% in the future.
If 57.50%-60% can be broken and held as support, look for a move to 65% in the future.
Anything above 65% and targets would be 70%/75% in the future.

$US30: Dow Jones Industrial Average

The Dow managed to hold $49000 as support last week and attempted to push to $50000,
but it ultimately failed to end the week.
For this week, if $49000 cannot hold as support, look for a move lower down to
$48500/$48000. Anything below $48000 and expect a move to $47000/$46000/$45000
in the future.
If $49000 can continue to hold as support, look for a move higher to $49500/$50000.
Anything above $50000 and expect a major move higher to $50500/$51000/$51500/etc.

$IXIC: Nasdaq Composite

The Nasdaq made another all time high last week, with it closing above $25000 for the
first time in human history.
For this week, if $25000 can continue to hold as support, look for a move higher to
$25500/$26000/$26350 in the future.
If $25000 cannot hold as support, look for a move down to $24000 support below. If
$24000 cannot hold as support, look for a retest of $23750-$23800 or so. If $23750
cannot hold as support, look for a move lower down to $23000 and potentially lower
down to $22000.

$US2000: Russell 2000

The Russell managed to hold $2730 again last week as support and close over key
resistance at $2800.
For this week, if $2800 can be held as support, look for a move higher to $2850/$2900 in
the future.
If $2800 cannot hold as support, look for a move to $2730 in the future. Anything below
$2730 and expect a move to $2700/$2650/$2600 and potentially lower in the future.

$VIX: Volatility Index

The VIX failed to hold $18 as support last week and broke lower, closing right above $16
support to end the week.
If $18 can be broken and be held as support in the future, expect a retest of $20. Anything
above $20 and expect a move to $23.50 in the future.
If $18 remains as resistance, look for a move lower down to $16/$14 in the future.

$XAUUSD: Spot Gold

Gold closed below $4750 last week after it got rejected last week, which was to be
expected with the nasty price action.
With that said, if $4750-$4800 can be broken and held as support in the future, look for a
move higher to $5000/$5200/$5250/$5365 in the future.
If $4750-$4800 remains as resistance, look for a move lower down to
$4600/$4400/$4200/$4000 in the future.

$XAGUSD: Spot Silver

Silver pushed lower last week after it got rejected from $80 last week, but with that said,
it managed to hold $75 to end the week.
If $75 can hold as support in the future, look for a retest of $80. Anything above $80 and
expect a move to $85/$90/$95 in the future.
If $75 cannot hold as support in the future, look for a move lower down to
$70/$65/$62.50/$62 to test the lows of trend here.

$DXY: US Dollar Index

The US Dollar is still holding $98 support, which is a key level of support to watch going
forward for the US Dollar.
For this week, if $98 can hold as support, look for the bulls to attempt to retest $100
resistance. If the US Dollar can break $100 and hold it as support, look for a move to
$101/$102/$103 in the future.
If $98 cannot hold as support in the future, look for a move to the bottom of the range at
$96. Anything below $96 and expect a move to $94 and potentially lower in the future.

$USOIL: Crude Oil

Crude Oil managed to break over $100 resistance last week after it opened above $95
support and held it beautifully to begin the week.
For this week, if $100 can hold as support, expect a move to $105/$110/$115 in the
future.
If $100 cannot hold as support in the future, look for a move lower down to $95. If $95
cannot be held as support in the future, look for a move lower to test support below at
$92.50/$90/$85 in the future.

$US02Y: US Government Bonds - 2-Year Yield

The 2-Year moved higher last week after it held 3.80% support during the previous week,
which is a good sign here for the bulls.
If 3.80% can hold as support going forward, look for a move to 4%. Anything above 4%
and targets would be 4.15%/4.30% in the future.
If 3.80% cannot hold as support in the future, look for a move down to the range below
between 3.40%-3.60% to test the lows of trend.

$US10Y: US Government Bonds - 10-Year Yield

The 10-Year moved higher last week after it held 4.30% as support over the past few
weeks, which is a good sign for the bulls.
If 4.20%-4.30% can continue to hold as support in the future, look for a move higher to
4.50%-4.60% in the future.
If 4.20% cannot hold as support in the future, expect a move lower down to
4.10%/4%/3.90% and potentially lower in the future.

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Technical Analysis

$TSLA: Tesla

Maybe it’s just us, but Tesla looks primed for another leg up here shortly.
We bounced perfectly off trendline support, we have a monthly FTGL candle, and we have a bull flag breakout on the daily/weekly time frames that was well defended after the retest.
We’re looking for acceptance above $396.65, with a nice move towards key levels near $408.20, $412, and $415 before testing higher levels near $420.7, $430.3, and $438.2.
We have support levels near $382.5 and $377.7 to watch for a bounce.
If we capitulate below this zone, then we could retest lower levels near $370.5 and $365.95.

$CRWD: CrowdStrike Holdings

We’ve gotten acceptance over the previous weekly high!
We may experience some nasty chop around this area, but we’re looking for acceptance above $457.5 for level retests near $463.6 and $468.
If we see acceptance above those two levels, we’ll look to target levels near $477.7 and $481.
After that we have multiple levels between $481 and $489 before our final target on the board of $498.44, which at that point might as well be $500.
We have support near $449.3 to watch for a bounce.
If we capitulate there, then we have lower levels near $445.85, $443, $439.2, and $436.93.

$CRWV: Coreweave

This setup is still chugging along; our shares are up around 45% as of now.
The real setup here is acceptance over $127, which gives us room towards levels near $136.2 and $137.
In the meantime, we’re looking for acceptance over $120.33 for a quick push to $122.8 and $125 before that $127 level.
If we lose $118.5, then we may retest lower levels near $114 and $108, but this name has been very strong since the breakout.
Our long-term targets are still the swing high near $187, and it may even see continuation over that.

$ABNB: Airbnb

Still looking for more out of ABNB, but this breakout has been very timid so far.
We’re looking for acceptance over $143.10 for a retest near $144.50 and $147.
If we can see bullish continuation over that, then we have more levels near $156.1 and $162.4.
We have support levels near $140.3 and $138.1 to watch for a bounce.
If we lose those levels of support, we can target $137.1 and $133.8, which would be a trendline retest.

$JNJ: Johnson & Johnson

This swing has done very well for us; this trendline we’re looking at now is basically the full breakout of our swing trade that we got in around $155.
That’s why it’s important to go ahead and say that this setup could start more of a pullback on JNJ after this run.
We’re seeing a rotation back into tech again, and names like this might suffer as a result.
We can get bullish again with acceptance above $231, as we have levels to target near $235.25 and $238.50 before higher levels near $241.6 and $243.5.
If we capitulate below $226.9, then we could retest lower levels near $224.9 and $224.
If those fail to hold, then we’ll look to target $221.5 and $220.5, then $218.30 and $215.2.

$XYZ: Block

Looks like Square is brewing up for another leg to the upside as long as it can hold this bull flag off the daily chart.
If we take a look at the weekly chart, it attempted to trigger weekly pullbacks, but as soon as it broke below last week's lows, buyers stepped in.
On the daily chart, it looks like we could be setting a potential higher low, and as long as we accept above $74.75.
Over $72.39, it has room to $74.75, $76.47, $78, and $79.13.
Failure to hold $69, we could see lower down to $66.40 and $64.30.

$AVGO: Broadcom Inc

AVGO looks insanely strong, especially after several days of consolidation.
We are looking for something similar to Square.
The plan is very simple and straight to the point.
Over $422.76 we have ATH at $429.31.
Over this level, we could see psychological levels above us at $435, $440, and $450.

$IREN: Iren LTD

Looks like we’re seeing a bit of a breakout backtest here on IREN.
If we see acceptance above $47.1, then we could look to target levels near $47.75, $49.66, and $51.78.
We do have levels above that near $53.23 and $54.94 in case we see a really strong break.
Otherwise, we have support levels at $43.15 and $42.55 to watch for a bounce.
If we don’t see a bounce, then we can target lower levels near $41, $38.5, and $37.