Stock Market Weekly update -Oct 9th

 Despite the bleak market headlines, the market was actually up last week, mostly due to a strong Mon & Tue rally from an oversold level. We're off to a rocky October start! This week's events include the CPI report, along with earnings kickoff from the big banks.

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

European currencies rallied then pulled back, with correspondingly opposite moves in the Dollar.

Bonds dropped again/higher rates -11th week? The US Dollar was up a bit, Gold was up, and we saw a big rally in Oil.


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

What to Expect in the Markets Next Week -CPI report on Thu

Bitcoin/Crypto was flat, still bouncing around 20k

Pops: XOM  Drops:  AMD, TSLA, AMT, 

S&P 500 -  Still trying to bounce? -in a 'weekly' downtrend. 


S&P 500 weekly - the downtrend from Jan continues


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

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -holding up near 32!
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:      
MTWThuF
Earnings:

PEP, BLK, DAL, WBA, TSMC, JPM, MS, WFC, UNH
Events:

PPICPIRetail sales  report
This week's charts:   Pre-Covid highs -link
Oil started moving back up

The US Dollar continues higher vs.  the Yen


ETFs performance - Ranked by  Volume
S&P 500 Sector performance -

News:
Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong

FTX and Visa to launch crypto debit card worldwide  ...Visa already supports debit cards issued by Coinbase, Binance and several others including an FTX card for U.S. customers

Market links: 
24/7 Wall St.
Fear & Greed Index  = Extreme Fear

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