Stock Market Weekly update -Aug 12th

We saw a 2nd week down after getting more earnings reports, and the CPI & PPI reports. In the DOW index,  LLY popped, and UPS dropped after earnings, while AAPL slid for a 2nd week. SMCI also dropped from an all time high. This week we get earnings from the Retailers. Going forward, we could see a relief rally from the past 2 weeks of selling, but after this 6 month historic run, the market could be taking a break here from reaching higher highs.

The Dollar -was up for a 4th week! Likewise for the 10Yr Interest rate.
Gold was down again, while Oil was up slightly, for a 6th week!
Bitcoin/Crypto -mostly flat
Pops & Drops/5 day movers:  LLY popped, UPST saw a huge drop. 
New all time Highs:  CBOE, MPC, NE
  -all time LOWS:    

S&P 500 - Dropped for a 2nd week -'Weekly' chart




S&P 500 - Dropped after reaching the March 2022 high -'Weekly' chart



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? US Credit downgrade?
Over $32 Trillion in debt!  See Debt Clock on the left, or here... 


Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -dropped last week!
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: , HDCSCO, TGT, TJX, JDAMAT, ROST, WMT, PANW
Events:





This week's charts: 

 2023 1st Half returns -Indexes


08/06




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

8/12 followup



LLY popped on earnings



Links...

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