Stock Market Weekly update -Jul 9th

Last week we gave back all of that massive rally we saw on the last day of June (Friday)!  So we're still trying to get past that 4450ish level on the SPX which was first touched in the middle of June, and again on the last day of June. Upcoming events this week might let us know whether we can get past this area -CPI, and earnings among them.

The Dollar -was down a bit. Tho the 10Yr Interest rate was up!

Gold was somewhat flat for a 2nd week, while Oil was up.

Bitcoin/Crypto -still flat after the big rally.

Pops & Drops/5 day movers:  RIVN, RIOT, CRBU popped
New all time Highs:   AN, DO, NE, JBL, 
    -all time LOWS:    , 

S&P 500 - down for the week
 The pink Box shows this week's expected range +-50




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) -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:      
MTWThuF
Earnings: 
PEPBK, JPM, WFC, C, UNH 
Events:

CPIPPI

This week's charts: 


5/28: S&P vs DAX vs Japan

Japan now...



 2023 1st Half returns -Indexes


7/09: Bonds dropping = Interest Rates going up


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

News:
Stocks tumble on Friday, notching weekly losses, as traders’ rate hike fears return
Inflation data, bank earnings: What to know this week
24/7 Wall St.
Fear & Greed Index 

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