Weekly Market Forecast & Impact of Trump’s Rally Incident on Stocks($DJT $TSMC $NFLX)

The major US indices all went uplast Friday, with the Dow and S&P on a two-week winning streak, and the NASDAQ making it six weeks in a row.

Now, on Saturday, Trump got attacked and the whole world took notice. What kind of impact is this gonna have on the market? And what companies and earnings reports should we keep an eye on this week?

On the macro side,

This week, a bunch of Fed officials are gonna be talking, and Powell’s having a chat with some bigwigs at the Carlyle Group. Keep your ears open for any hints about rate cuts. On Thursday, the Beige Book comes out, which the Fed uses as a key reference for their monetary policy meetings.

Alright folks, let’s talk technicals. The S&P 500 is still move in an uptrend, but after last Thursday’s bearish engulfing candlestick, we’re seeing a short-term pullback. Now, if we look at the KDJ indicator， set at a 13-period, we can see that every time it hits the overbought zone at 80 and forms a death cross, the price starts to pullback. SoLast Thursday, the KDJ formed another death cross, confirming this short-term pullback. Nowit's still early to tellwhetherthe priceis going todrop or moving in a consolidation area.My personal take is that if we continue to see more correction

On the stock front,

On Saturday, Trump got shot at a rally in Pennsylvania, which could really shake up this year’s election.

After the attack, Trump’s odds of winning jumped to 70%, and Bitcoin shot past $60,000 since Trump has claimed to be a supporter of crypto. Plus, folks like Elon Musk and Bill Ackman are out there on social media backing Trump all the way.

But from the technicals, this one is clearly a high-volatility play, ideal for short-term trading. Right now, it's in a sideways consolidation phase within a certain range and has reached the bottom, starting to bounce back. However, this is just a short-term rebound and we can't yet say it's going to break out into a strong uptrend from here. So if you're looking to go long, it might be wise to focus on short-term rebound oppotunities for now. Keep your trades tight and be ready to adjust as the situation develops.

This Thursday, TSMC is set to release their Q2 earnings report. The company recently announced a 40.1% year-over-year increase in Q2 sales, beating the average expectation of 36%. Wall Street’s predicting TSMC’s net profit to grow by 29% year-over-year, with earnings per share at $1.40, up from $1.34 in Q1. They might even raise their full-year sales forecast.

Netflix is also reporting earnings on Thursday. Wall Street’s feeling pretty Nepositive abouttflix, with analysts thinking the strong content from the NFL and the second season of "Squid Game" will boost the stock price.