Stock Market Weekly update -Jul 2nd

 We saw a drop on Monday following the prior week's drop, followed by a huge rally for the rest of the week, bringing the SPX to a new high for the year, close to where we were 2  weeks ago. We closed out a very strong 2nd quarter, with most of the gains in June, and with most of the gains coming from the big 7 Tech stocks. 

The semiconductor sector was also up 50% for the year! Energy was down 6%.

Holiday week... Happy 4th!

The Dollar -was up a bit. 10Yr Interest rate was up as well.
Gold & Oil were somewhat flat.
Bitcoin/Crypto was flat after the big rally.

What to Expect in the Markets Next Week - Friday Jobs report, Fed minutes
Pops & Drops/5 day movers:  CCL, COIN, JOBY rallied,   -WBA dropped
New all time Highs:   AAPL, FTNT, PANW,  ON, TJX, LLY, DO, 
    -all time LOWS:    CGC, RAD

S&P 500 - big rally to close out the Quarter... Friday pop!
 The pink Box shows this week's expected range +-40




6/18 S&P500: Next move?? Another RSI signal here?



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) -mostly flat -at multi-year lows!
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, XLF, XLE,  EEM,  GLD/SLV,

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

Next week:      
MTWThuF
Earnings: 

, 
Events:





This week's charts: 


5/28: S&P vs DAX vs Japan

Japan now...






Links...

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