Stock Market Weekly update -Apr 21st

 We got a 3rd weekly drop in the SPX, this one much bigger than the prior 2 drops, after more tensions in the Middle East, and rising Rates, confirming a change in direction for the 5 month rally. Semis & tech were hit hard,  Next week is loaded with Earnings reports, including some big Tech.

Change for the week


The Dollar -was mostly flat, tho rising for most of the year

The 10 year Interest rate was up for a 3rd week, rising since the start of the year
Gold had yet another big rally.
Oil -dropped, tho rallying since the start of the year
Bitcoin/Crypto -dropped, but seems to be recovering

What to Expect in the Markets Next Week -lots of earnings, GDP, PCE
Schwab Weekly Trader's Outlook

Pops & Drops/5 day movers:   Gold popped again,   
--ARM, COIN, MSTR, NVDA, SMCI, SOUN & others dropped 
TSLA has been dropping since the high of $300 last summer, closing on Friday at $147 for more than a 50% drop!
Earnings:   AXP, UAL, UNH  rallied, NFLX, TSM dropped

New all time Highs:   PGR   -All time LOWS:   SPCE, CHPT, PTON, VFS, 

Percent of Stocks Above 50-Day Average ...dropped from 37 to 30

Top 100 Stocks To Buy

S&P 500 - 3rd week down -Big drop



Stocks last week +- 6% highlighted
Lots of Yellow circles in Tech!


Sectors last week -


Gold still rising!

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:      
MonTueWedThuFri
Earnings:VZGE, NEE, PEP, UPS, V, TSLA, TXNBA, CMG, IBM, META, NOW, LRCXCAT, MRK, GOOGL, INTC, MSFTABBV, CVX, XOM, 
Events:

GDPPCE

More charts: 





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