Stock Market Weekly update -Nov 27th

 We got a small rise in the markets over the short holiday week. Next week could be another quiet week, or not...? We could see a continuation of the rally.

We get the monthly Jobs report on Friday.

The long term weekly 'downtrend' from the January high continues in the SPX (weekly 20MA line), tho the moving average line could be starting to flatten here!

The Dollar was down a bit, as rates fell. Gold was flat, while Oil dropped again.

Bitcoin/Crypto was flat again.


Pops:  Drops:   


S&P 500 -    -continuing the recent 'weekly' rally. 
-now at a potential resistance trend line for the 3rd time



VIX -still trending down, from the Oct 13th CPI high
Could be approaching a bottom here...

$NYA -NYSE Composite & (IWM)  Small-caps: mostly flat to up a bit.
HYG -High yield Corporate Bonds   (2yr chart) -rallied last week
LQD -Investment grade Corporate Bonds   (2yr chart) -rallied again, finally getting back above the Covid lows!
Market concerns:   Inflation, Rising Rates, Russia/Ukraine/China lockdowns...  
Over $31 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs: GIS, MET, MRK, TJX, MPC,      All time lows:  CS, SOFI
Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -near 20.50, 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:
INTUCRMDG
Events:

PCE reportJobs report

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


10/30 blog: The US Dollar -topped?

US Dollar -continues to drop




11/20: Bitcoin -could see further downside to near the 12k level





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