Stock Market Weekly update -Jul 23rd

 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.

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

S&P500

NASDAQ


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


Market concerns:   Inflation? Interest rates?
Over $32 Trillion in debt!  See Debt Clock on the left, or here... 

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -up a bit -still near multi-year lows!
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, XLF, XLE,  EEM,  GLD/SLV,

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

Next week:      
MTueWThuF
Earnings: GOOGL, MSFT, TXN, V, VZ, MMM, FBA, CMG, ORLY, KO, META, ABBV, MA, MCD, INTC PG, CVX, XOM, 
Events:

FedGDPPCE

This week's charts: 


 2023 1st Half returns -Indexes



Commercial Bank Deposits -dropping




7/16: SMH -Semi-conductors double topping?



7/23: META -huge recovery -Earnings this week.


Home prices

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