Stock Market Weekly update -Nov 13th

 Last week saw a huge rally in markets after we got the CPI report on Thursday. The Nasdaq added over 8% for the week! We could see a continuation of the rally as we head into Nov Options expiration on Friday.

The long term weekly 'downtrend' from the January high continues in the SPX (weekly 20MA)...
The Dollar dropped, as did rates. Gold was up, Oil was mostly flat.

Bitcoin/Crypto 'crashed' after the collapse of the FTX Exchange.

FTX Files For Bankruptcy, CEO Steps Down

What to Expect in the Markets Next Week -'Retailers' earnings, Nov Options Expiration.

Pops:  Drops:   


S&P 500 -  Big rally!   -tho still in a 'weekly' downtrend. 
DOW is leading the recent rally!

$NYA -NYSE Composite & (IWM)  Small-caps: rallied
HYG -High yield Corporate Bonds   (2yr chart) -ditto
LQD -Investment grade Corporate Bonds   (2yr chart) -rallied, still below the Covid lows!
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:  BJ, ALB, CVX, MPC, NE, MET,  AFL, PGR, ,     All time lows:  
Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -near 22, and still dropping.
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:
AAP, HD, WMT, CSCO, NVDA, LOW, TGTAMAT, BABA, PANW, JD, FL
Events:
PPI
VIX Futures Exp

Nov Options Exp.

This week's charts:   Pre-Covid highs -link

US Dollar -continues to drop


10/30: The US Dollar -topped?





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