Stock Market Weekly -May 1st

 Another down week in the markets, with a big selloff on Friday. Big Tech earnings are now out of the way, as well as a big chunk of S&P500 companies. And April is out of the way, with the Nasdaq closing out with the biggest monthly loss since 2008! This past 4 months marks the worst start of the year in over 80 years!

Next week the Fed is expected to raise interest rates by 0.5% -maybe we'll get a sell the news rally! Stocks, Bonds, & the US Dollar are all at potential turning points here, based on prior levels.

Next week we also get more earnings reports, and the monthly Jobs report on Friday. We could see a turnaround in the markets after 4 weeks of selling.

Dow tumbles more than 900 points and the Nasdaq drops 4% on Friday to close out a brutal month


VIX was up again, crossing the 30 level, while Bonds dropped again. 

Oil was up, Gold was flat. Bitcoin/Crypto was down a bit.

What was up this week:  US Dollar, Interest rates, 

What was down this week:  AMZN, among others... 


S&P 500 - still in a downtrend 
Weekly bars -4 weeks down! 



S&P 500 - Monthly bars 


High yield Corporate Bonds (HYG)  (2yr chart) -still dropping
Investment grade Corporate Bonds (LQD)  (2yr chart) -dropping like a rock! 


Market concerns:   Inflation, Rising Rates, Russia/Ukraine...  
Over $30 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:  ...no significant names!
All time lows:    HOOD, COIN
Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -HIGH end of the range
ETFs SPY, IWM, QQQ, GLD/SLV, USO, XOP, VXX, XLF, XLE, FXI, EEM EWZ, 

Stocks AAPL, AMD, BAC, BABA, DIS, FB, MSFT, NFLX, NVDA, T, TSLA...

Next week:      
MTWTF
Earnings:, AMD, BP, PFE, BIIB, SBUX, MRNA, CVS, COP, SHOP, SQUAA, 
Events:

Fed raises ratesJobs report


This week's charts:  

MaxPain this week:  VXX (volatility)





Rising Rates -3yr chart

US Dollar -3yr chart


Rising rates & the US Dollar -about to peak??





$NYA -NYSE Composite  -choppy
 (IWM)   Small-caps -dropping

Links...
10yr Interest Rates  -still rising
ETFs performance - Ranked by  Volume
S&P 500 Sector performance -

Commodities/Futures:  
Crude Oil  was up, closing near 104.11
Gold was flat, closing around 1897
The US Dollar was up again, closing near 103.25 -over 100
The 30 year Bond dropped a bit , closing near 139.90

News:

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