Stock Market Weekly update -Mar 17th

 More ups & downs last week, again only to end the week almost unchanged in the SPX, tho the Nasdaq & Small-caps were down, along with the Semis (after spiking the previous week).  The Energy sector was up. Both the CPI & PPI reports came in hotter than expected. This week we hear  from the Fed. 

This week could tell us whether the rally has more room to run short-term. So far the SPX & Nasdaq have dropped for 2 weeks in a row for the 1st time since the rally started in Oct.

The 10 year Interest rate rallied, after dropping for 3 weeks.

The Dollar -was up a bit
Gold pulled back a bit 
Oil -was up a bit
Bitcoin/Crypto -Rallied to 73000, before pulling back a bit

What to Expect in the Markets Next Week -Fed
Schwab Weekly Trader's Outlook

Pops & Drops/5 day movers:   MSTR popped for a 3rd week as Bitcoin rallied again
GERN, SOUN also popped
TSLA dropped again, as did 
X, ZG and others 
Earnings:  DKS, ORCL popped...  ADBE, DLTR, JBL dropped

New all time Highs:   CAT, PSX, VLO, PCAR, STLA, PGR, CI,   -All time LOWS:   RMAX, 

Percent of Stocks Above 50-Day Average ...dropped from 57 to 51
Top 100 Stocks To Buy


S&P 500 - stalled again last week


TSLA was again one of the big losers!




Market concerns:   Inflation? Wars? 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:


Events:FedFed


More charts: 







Links...

Comments

Popular posts from this blog

Stock Market Weekly update -Apr 20

Stock Market Weekly update -Nov 24

Stock Market Weekly update -Jul 20