Stock Market Weekly update -Jul 30th

  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.

Pops & Drops/5 day movers:   NIO, XPEV, QS, TUP, TLRY, ROKU, TDOC, UPST
New all time Highs:   KLAC, ON, SKX, SMCI, WMT
    -all time LOWS:    

S&P 500 - Higher Weekly 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) -down a bit -still near multi-year lows!
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, XLF, XLE,  EEM,  GLD/SLV, VIX

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

Next week:      
MTueWThuF
Earnings: AAPL, 
Events:



Jobs

This week's charts: 


 2023 1st Half returns -Indexes







7/23: Commercial Bank Deposits -dropping



7/16: SMH -Semi-conductors double top potential?



7/23 Home prices

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

News:
S&P 500 closes nearly 1% higher on softening inflation data, nabs 3rd week of gains
Apple, Amazon earnings, July jobs report: What to know this week


24/7 Wall St.
Fear & Greed Index 

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