Stock Market Weekly update -Apr 7th

 We got a huge drop on Thu, but recovered some of it on Fri after the Jobs report, and we closed the week lower on all the indices. The DOW saw its worst week for 2024.  The VIX rallied for the first time in a long time. Last week possibly marked a change in character for the 5 month rally in stocks, after seeing that huge dump on Thursday.

This week we begin the earnings cycle again, with  some of the big banks starting to report. We also get the CPI & PPI reports, a potential market mover.

The Dollar -was mostly flat
The 10 year Interest rate rallied, rising since the start of the year
Gold had another big rally
Oil -rallied again
Bitcoin/Crypto -pulled back a bit

What to Expect in the Markets Next Week -CPI/PPI, Bank earnings
Schwab Weekly Trader's Outlook

Pops & Drops/5 day movers:   Gold & Gold/Silver miners popped, also Dell  
--INTC dropped
Earnings:   

New all time Highs:   CNQ, META, XOM, MPC, VLO, PSX,   
-All time LOWS:   RIVN, PTON, SPCE, VFS, 

Percent of Stocks Above 50-Day Average ...down from 66 to 53
Top 100 Stocks To Buy

S&P 500 - pulled back last week


Stocks last week


Sectors last week -Energy up





Since Jan,  Stocks continue to rally, while 10yr Rates are rising
...one of these is probably going the wrong way!









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:
DALJPM, BLK, WFC
Events:
CPI    PPI

More charts: 




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

News:
Dow closes 300 points higher in Friday rebound, but registers worst week in 2024
Jobs report smashes forecasts as red-hot labor market confounds Wall Street
10-year Treasury yield jumps after stronger-than-expected March jobs report
24/7 Wall St.
Fear & Greed Index 

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