Stock Market Weekly update -Mar 3rd

Last week we saw a huge rally on Thu & Fri pushing the SPX to another new all time high around  5137.  Semis had a huge rally on Friday too. The Nasdaq also rallied, as well as the Small-caps, 4th week running for the small-caps. The 10 year Interest rate dropped for a 2nd week, to around 4.18.  This week we get the Fed before Congress on Wed/Thu, and the Jobs report on Friday -both potential market moving events.

Super Micro Computer To Join the S&P 500 With UGG-Maker Decker Outdoors


Bonds -10yr Notes rallied (lower rates) -after mostly dropping in 2024!
The Dollar -mostly flat for a 2nd week, after  a 7 week rally
Gold saw a nice rally on Friday
Oil -rallied as well
Bitcoin/Crypto -Huge rally, touching 64000!

What to Expect in the Markets Next Week -Fed/Congress & Jobs report on Friday
Schwab Weekly Trader's Outlook

Pops & Drops/5 day movers:   MSTR popped on Bitcoin rising

Earnings:  DELL, SOUN, popped...  SNOW dropped
NYCB dropped again ...also BMBL, 

New all time Highs:  AMD, AVGO, AMAT, DELL, META, CRM, CAT, VRT, JPM, BSX, ANF, SFM, Homebuilders, and more...   -All time LOWS:   FSR, 

Percent of Stocks Above 50-Day Average ...up a bit to 55 
Top 100 Stocks To Buy


S&P 500 - yet another week  higher!




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:
TGT, ROST, NIO, CRWD
AVGO, COST,
Events:
FedFedJobs report

This week's charts: 

Bitcoin is back!


DELL rocketed higher after almost doubling already in 2023


Highest volume ETFs for 2024

Sector performance 2024




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

News:
Nasdaq Climbs to All-Time High; Nvidia Closes Above $2T
Five takeaways from February's strength -Edward Jones

24/7 Wall St.
Fear & Greed Index 

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