Stock Market Weekly update -Nov 26th

 The SPX rallied for a 4th week, closing around 4560, while the Nasdaq 100 closed near the July 2023 highs (indexes). Based on the chart pattern, we could see further upside in the SPX to the July high area.

NVDA dropped a bit after earnings, possibly indicating a double top. 

What to Expect in the Markets Next Week - PCE report.

The Dollar -dropped for a 4th week, as stocks rallied for a 4th week. 
The 10Yr Interest rate was flat.

Gold was up, while Oil dropped.
Bitcoin/Crypto was up again, crossing above 38000.

Pops & Drops/5 day movers: ARM, BURL, GPS, COIN were up. 
-CHPT, FSR  dropped, 
New all time Highs:  AFL, PGR, NVO, V,   -All time LOWS:   --
Percent of Stocks Above 50-Day Average ...moved up to 66% 

S&P 500 - another rally week -maybe heading to the July high

Nasdaq100 -back up at the July highs


Small-caps -still lagging from the July highs




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! 
Now over $33 Trillion in debt!  See Debt Clock below, or here... 


Options watch:   
ETFs SPY, IWM, QQQ, SQQQ/TQQQ, XLF, XLE,  EEM, VIX

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

Next week:      
MTueWThuF
Earnings:ZS, CRWD, INTUCRM, FL, SNOW, DLTRTD, RY
Events:PCE
Jobs report

This week's charts: 

 2023 1st Half returns -Indexes


Links...

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