Stock Market Weekly update -Mar 19th

 Despite a tumultuous week, we ended higher than the prior week's low on the SPX, and actually higher than the prior week's HIGH on the Nasdaq 100, and lower than the prior week's LOW on the SmallCaps.!  Financials tumbled, almost to the Oct low, as banking issues continue to percolate. 

The VIX rallied for a 2nd week. Next week we could see more turmoil in markets as we get the CPI & PPI inflation reports.

The long term weekly 'downtrend' from the January 2022 high continues in the SPX (weekly 20MA line).  Less  likely now maybe, but this weekly trend could also eventually take us down to the pre-Covid highs of early 2020! The DOW & the Small-caps have already touched that level and rallied back up (see pics below). 

NYA (NYSE composite) & IWM (small-caps): -both dropped.
The Dollar dropped, as did Interest rates.
Gold rallied for a 3rd week.
Oil dropped, and broke below the 2 month rangebound lower level!
Bitcoin/Crypto saw a big rally!
What to Expect in the Markets Next Week - big Fed meeting! Bank issues?

Pops & Drops:   



S&P 500 weekly -holding near the blue weekly downtrend line
Now looking more likely that we could eventually revisit the Oct lows!



DOW -leading up

S&P500

NASDAQ


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


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

New all time lows:  BBBY, GRPN, CS, RIVN,  -


Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -dropped again
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, XLF, XLE,  EEM,  GLD/SLV,

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

Next week:      
MTWThuF
Earnings:FLNKE, 

Events:

Fed/Rates


This week's charts: 

Links...

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