Stock Market Weekly update -Dec 10th


The SPX rallied for a 6th week, closing just above 4600, holding up pretty much at the July 2023 highs (indexes). This level could still provide some resistance here, time will tell. This week we get the CPI report & the Fed, so anything could happen.  The Homebuilders hit all time highs last week!

Bonds pulled back a bit (the 10yr did), tho the 30yr was actually up for the week!

What to Expect in the Markets Next Week - CPI, FED.

The Dollar -rallied after a 5 week drop, tho stocks rallied as well! 
The 10Yr Interest rate was up a bit, after the huge drop in prior weeks.

Gold dropped over $100, after the big spike on Monday, while Oil dropped for yet another week -dropping since late Sep.
Bitcoin/Crypto was up again, crossing above 44000! 
CoinMarketCap -Crypto prices rising

Pops & Drops/5 day movers:  COST & LULU hit all time highs!

New all time Highs:  DRI, PHM, TOL, LEN, COST, LULU, VRT, PANW, SKX, TMUS
   -All time LOWS:   FSR, LAZR, BFI --
Percent of Stocks Above 50-Day Average ...unchanged at 74%


S&P 500 - another rally week -holding near the July 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! 
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:ORCL, , ADBECOST 
Events:


This week's charts: 


12/03: Bonds (rates) -Oct2022, Oct2023 bottoms?



Sector view 60 days


XLK Tech ETF = AAPL & MSFT!



BurgerFi -what's wrong with these burgers??


Crypto on the move!

Links...

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