Stock Market Weekly -May 15th

We dropped for yet another week in the markets, tho followed by some signs of a reversal.  Bonds  also showed signs of reversing.

Stocks & Bonds are all still at potential turning points here, based on prior levels. The US Dollar kept going higher last week.

VIX was down a bit. Oil was up, Gold was down. 

Bitcoin/Crypto was down, with a stablecoin crashing to near ZERO! (LUNA & UST).

TerraUSD Crash Shows Risks of Algorithmic Stablecoins


What was up this week:  US Dollar

What was down this week:  Gold


S&P 500 - still in a downtrend 
Possible 'support' in this area



HYG -High yield Corporate Bonds   (2yr chart) -still dropping
LQD -Investment grade Corporate Bonds   (2yr chart) 
-stabilized last week.  Almost at the Covid lows!


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!
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:, HD,  WMT, BIDU, JD CSCO, LOW, TGT, TJXROST, KSS, PANWDE,  FL
Events:

VIX futures expiration
May Options Expiration


This week's charts: 






XBI 2022 drop -Biotech





$NYA -NYSE Composite  -dropping
 (IWM)   Small-caps -dropping. Made it back to the pre-covid highs

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

Commodities/Futures:  
Crude Oil  was up, closing near 110.76
Gold was down, closing around 1810
The US Dollar was up again, closing near 105
The 30 year Bond was up a bit, closing near 138.88

News:





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