Stock Market Weekly update -Dec 24th

The SPX rallied for an 8th week, closing around 4755, so not yet back at the Jan 2022 highs (indexes), the level where the 2022 bear market started.  We got a huge move down on Wed for no apparent reason! The Small-cap Russell 2000 index finally closed above 2000, tho just barely. The DOW was mostly flat, after the huge 7 week rally.

The Homebuilders pumped higher for yet another week, hitting yet another all time high!

What to Expect in the Markets Next Week - slow week?

Bonds -mostly flat 
The Dollar -continued to drop

Gold was up again, after the huge prior week pop & drop.
Oil was up for a 2nd week.

Bitcoin/Crypto was up
CoinMarketCap -Crypto prices 

Pops & Drops/5 day movers:  COIN, HUT, & MARA saw strong rallies
FDX & NKE dropped after earnings, MU rallied.

New all time Highs:  ARM, ANF, COST, FAST, BAM, 
   -All time LOWS:   --
Percent of Stocks Above 50-Day Average ...up from 79% to 84% -extreme region!


S&P 500 - chopping around near the Jan 2022 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:, , 


Events:


This week's charts: 


Corporate buybacks -popped last week!



META 2023 recovery!





Small Cap Stocks close at the highest price since April 20, 2022.  
And they appear to breaking out on the weekly chart.




$1.3 Trillion has flowed into money market funds this year, the largest amount in history






Crypto movers...




12/17


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

News:
S&P 500 closes higher Friday, registers longest weekly win streak since 2017
24/7 Wall St.
Fear & Greed Index 

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