Stock Market Weekly update -Feb 18th

We got a small reversal of the non-stop weekly up-trend last week in the SPX, after a hot CPI report. Meanwhile the small caps continued to show signs of life, rallying for a 2nd week. 10 year Interest rates were up for yet another week, slowly climbing since the beginning of 2024 -a headwind for stocks maybe? SMCI dropped 200 points on Friday!

Next week we get the much anticipated earnings report from NVDA.

Stocks Snap 5-Week Winning Streak After Another Hot Inflation Report

Bonds -10yr Notes dropped again, dropping almost every week in 2024!
The Dollar -rallied for a 7th week
Gold was down a bit for another week.
Oil -rallied for a 2nd week.
Bitcoin/Crypto -saw another big rally to 51,500!

What to Expect in the Markets Next Week - more Earnings NVDA, HD, WMT

Pops & Drops/5 day movers:  BITF, COIN, JBLU, PLCE and more...
AMAT, HOOD, LYFT, TTD rallied on earnings
SMCI, ADBE dropped. ROKU,  dropped on earnings.

New all time Highs:  AXP, SMCI, AMAT, ABBV, BSX, MRK, LLY, NVO, MA, V, WMT, WM , and more

 -All time LOWS:   ,, 

Percent of Stocks Above 50-Day Average ...mostly unchanged near 55
Top 100 Stocks To Buy


S&P 500 - 1st weekly drop in this huge rally





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:   Inflation? Anything?
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:
WMT, HD, PANW, TOLNVDA, APAMRNA, INTU
Events:




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


2/11: Top ETFs last week!


2023 top performers...


Links...
10yr Interest Rates  -creeping back up since Jan
ETFs performance - Ranked by  Volume
S&P 500 Sector performance 

News:
Dow slides more than 100 points Friday, major averages end 5-week winning run
24/7 Wall St.
Fear & Greed Index 

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