Stock Market Weekly update -Oct 16th

Last week saw some extreme moves after the CPI report, first dropping, then rallying by a massive amount to end the day, only to be followed the next day with another drop. We ended the week almost flat. Next week we get the first busy week of earnings, to include TSLA & NFLX. Also October Options expiration -another big one like September.

The long term weekly 'downtrend' from the January high continues in the SPX (weekly 20MA)...

The Dollar was up a bit, with a continued strong move against the Yen. 

Bonds dropped again/higher rates -12th week?  The 10year yield closed above 4%. 

Gold was down, as was Oil.


...and the debt clock now shows over $31 TRILLION!

What to Expect in the Markets Next Week -more earnings & Options expiration.

Bitcoin/Crypto was flat again, still bouncing around 20k

Pops:     Drops:  


S&P 500 -  Still trying to bounce from 3600ish -in a 'weekly' downtrend. 


S&P 500 weekly - the downtrend from Jan continues


$NYA -NYSE Composite & (IWM)  Small-caps: maybe stalling the downtrend for now
HYG -High yield Corporate Bonds   (2yr chart) -ditto
LQD -Investment grade Corporate Bonds   (2yr chart) -still dropping...
Market concerns:   Inflation, Rising Rates, Russia/Ukraine, Japan?  
Over $31 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:  REGN, TWNK!   All time lows:  ANGI, XPEV, and more...
Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -still holding up near 32!
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, GLD/SLV, USO, XOP, VXX, XLF, XLE,  EEM EWZ, 

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

Next week:      
MTWThuF
Earnings:BACJNJ, NFLX, UALABT, BIIB, IBM, TRV, TSLA, PG, AAL, TAXP, GS, VZ, 
Events:



Oct Options Expiration
This week's charts:   Pre-Covid highs -link
TSLA  -make or break level this week? Earnings too

The US Dollar continued even higher vs.  the Yen







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