Stock Market Weekly update -Feb 11th

 Another week another rally, as the SPX closed around 5026, finally above the 5000 level and up around 21% from the Oct lows. Semiconductors mostly led the way, with NVDA up around 9%. The small caps also showed some signs of life, closing higher for the week, but still down almost 20% from the 2021 highs. 10 year Interest rates were up a bit! Next week we get the CPI report on Tue.

Bonds -10yr Notes dropped again! 
The Dollar -rallied for a 6th week
Gold was down a bit
Oil -rallied to 76.54
Bitcoin/Crypto -finally saw a big rally to 48000

What to Expect in the Markets Next Week - CPI, more Earnings

Pops & Drops/5 day movers:  DIS, ENPH, LLY, NET, PLTR, rallied on earnings, ARM was up more than 50%. COIN & others also rallied.
AMGN, GILD, SNAP,  dropped on earnings.

NYCB (NY Community Bank) dropped a bit lower.

New all time Highs:  AXP, MSFT, NVDA, SMCI, AMAT, LRCX, ASML, CRWD, PANW,  ANET, BSX, VRT, LLY, NVO, NOW, IR, & more...

 -All time LOWS:   ,, 

Percent of Stocks Above 50-Day Average ...up from 52.7% to 54.4

S&P 500 - another weekly rally!



Small-caps -lagging far behind




DOW -leading up

S&P500

NASDAQ


1/1/23:  Indexes vs Pre-Covid early 2020 highs -the DOW already got there & reversed




1/6/24:  Indexes -double tops?





Market concerns:   ?
Now over $34 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:ANETKO, ABNB, SHOP, CSCOOXY, DE, COIN, DKNG
Events:




This week's charts: 
 Pre-Covid highs -link (Oct 2022 charts) -Stocks reversed from here!

Jan 31


Top ETFs last week!


Links...

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