Stock Market Weekly update -Oct 2nd

Another week in September, yet another drop in the markets, 3 in a row now, losing approximately 500 SPX points, and taking out the June lows! Another ugly quarter, and year to date we've seen big losses in both stocks and Bonds, with nowhere to hide.

The British Pound collapsed somewhat until a bond buying rescue plan was announced.

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

Bonds dropped again -10th week? The US Dollar rally paused a bit, Gold's down move maybe stalled a bit, while Oil was mostly flat.

What to Expect in the Markets Next Week -monthly Jobs report on Friday too

Bitcoin/Crypto was flat , around  20k

Pops: BIIB  Drops:  AAPL, NKE, KMX, CCL and others


S&P 500 -  Dropped again last week -in a 'weekly' downtrend, but oversold. 


$NYA -NYSE Composite & (IWM)  Small-caps: Also dropped
HYG -High yield Corporate Bonds   (2yr chart) -ditto
LQD -Investment grade Corporate Bonds   (2yr chart) -ditto
Market concerns:   Inflation, Rising Rates, Russia/Ukraine, Great Britain...  
Over $30 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:  none!   All time lows:  BYND, SPCE, UA, and others
Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -rising!
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:


Events:



Monthly Jobs report

This week's charts: 

Time to buy maybe...









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