Stock Market Weekly update -Jan 1st

 Happy New Year!

We saw another flat week, tho with some ups & downs, ending pretty much where we started. Next week we kick off the year with new reports and a 4 day week -Jobs on Friday, and Fed minutes, among others. 

The long term weekly 'downtrend' from the January 2022 high continues in the SPX (weekly 20MA line). 

This weekly trend could eventually take us down to the pre-Covid highs of early 2020! The DOW & the Small-caps have already touched that level and reversed back up (see pics below).


NYA (NYSE composite) & IWM (small-caps): -flat
The Dollar was down a bit for the week, while the 10yr Rate rallied!
Gold was up slightly, as was Oil.
Bitcoin/Crypto was down a bit

Pops & Drops:   

  S&P 500 -flat for 2 weeks now, in the bigger 'weekly
 downtrend



S&P500 2022 performance



2022 Sector performance



DOW

S&P500

NASDAQ


1/1/23:  Indexes vs Pre-Covid early 2020 highs -the DOW already got there & reversed


2022 Top performing sector (with ups & downs!) -chart:



S&P500 Quarterly view -link


Market concerns:   Inflation, Rising Rates, Russia/Ukraine/China  
Over $31 Trillion in debt!  See Debt Clock on the left, or here... 

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -holding near the lows.
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, VIX/VXX, XLF, XLE,  EEM,  GLD/SLV,

Stocks AAPL, AMZN, TSLA, META, NVDA...


Next week:      
MTWThuF
Earnings:


Events:
Fed minutes
Jobs report 
This week's charts:   Pre-Covid highs -link (Oct 2022)


AAPL -sitting on the edge of 'support'



10/30 blog: The US Dollar -topped?

yr end -still dropping, from that 'tail'


  CPI event market reversals in 2022


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

News:
Stocks fall to end Wall Street’s worst year since 2008, S&P 500 finishes 2022 down nearly 20%
Market links: 
24/7 Wall St.
Fear & Greed Index  = Neutral  

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