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Showing posts from July, 2023

Stock Market Weekly update -Jul 30th

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    We got yet another move up last week, closing around 4582 on the SPX, after a huge drop on Thu, followed by a huge recovery on Fri. The weekly uptrend continues in the SPX & the Nasdaq 100. CVX & XOM dropped a bit on earnings, despite rising Oil prices. CMG & MSFT dropped, while GOOGL & META popped. BA & ROKU also popped. We also got a good GDP report last week. More 'tech' earnings this week (AAPL, AMZN, AMD...), as well as from other big companies. Other events include the Jobs report on Fri. The  Dollar  - was up for a 2nd week!  Likewise for the 10Yr Interest rate. Gold  was flat, while  Oil   was up for a 5th week! Bitcoin /Crypto  -down a bit after being sideways for 4 weeks  What to Expect in the Markets Next Week  - Earnings, Jobs report Pops &   Drops/5 day movers :   NIO, XPEV, QS, TUP, TLRY, ROKU, TDOC, UPST New all time Highs :    KLAC, ON, SKX, SMCI,  WMT   ...

Stock Market Weekly update -Jul 30th

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   We got yet another move up last week, closing around 4582 on the SPX, after a huge drop on Thu, followed by a huge recovery on Fri. The weekly uptrend continues in the SPX & the Nasdaq 100. CVX & XOM dropped a bit on earnings, despite rising Oil prices. CMG & MSFT dropped, while GOOGL & META popped. BA also popped. We also got a good GDP report last week. More 'tech' earnings this week (AAPL, AMZN, AMD...), as well as from other big companies. Other events include the Jobs report on Fri. The  Dollar  - was up for a 2nd week!  Likewise for the 10Yr Interest rate. Gold  was flat, while  Oil   was up for a 5th week! Bitcoin /Crypto  -still flat for a 4th week after the  big rally . What to Expect in the Markets Next Week  - Earnings, Jobs report Pops &   Drops/5 day movers :   NIO, XPEV, QS, TUP, TLRY, ROKU, TDOC, UPST New all time Highs :    KLAC, ON, SKX, SMCI, WMT       ...

Stock Market Weekly update -Jul 23rd

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  We got another move up last week, closing around 4536 on the SPX. The weekly uptrend continues in the SPX & the Nasdaq100, tho the Nasdaq100 showed a potential  weekly   reversal tail bar, as TSLA & NFLX both dropped on earnings.  More 'tech' earnings this week, as well as from other big companies, will probably let us know whether we go even higher, or stall in this area. Other events include the Fed, GDP, and PCE reports. The  Dollar  - recovered a bit!  Likewise, the 10Yr Interest rate moved up a bit. Gold  and  Oil  were up a bit Bitcoin /Crypto  -still flat for a 4th week after the  big rally . What to Expect in the Markets Next Week  - Fed, earnings Pops &   Drops/5 day movers :   SIRI, CVNA,  New all time Highs :    CTAS, IBN, MAR, DRI, MCD, MMC, STZ, VRTX,        -all time  LOWS :     S&P 500  - Higher High! DOW -leading up...