Stock Market Weekly update -May 26th

We pretty much ended the week right where we started, around 5300 on the SPX, tho we saw a big drop on Thursday. The small-cap Russell2000 is still showing weakness.  Thursday's huge drop could b a a sign of further weakness ahead -we'll see.

The VIX popped on Thu as markets dropped, and as the VIX Futures contract expired on Wed. NVDA popped on Thu after reporting blowout earnings again, and also announcing a 10:1 stock split. Next week we close out the month of May (markets are closed on Monday).

The Dollar -was up a bit 
The 10 year Interest rate -also up a bit

Gold dropped
Oil -was kind of flat to down
Bitcoin/Crypto -saw another nice weekly rally

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

Pops & Drops/5 day movers:     FSLR, MRNA, popped -NVAX  was up for a 3rd week. FXI pulled back after a 4 week rally (China)
Earnings:   NVDA, DECK, ROST, WOOF rallied  -INTU, LOW, TGT dropped

New all time Highs:   NVDA, DELL, QCOM, VRTX, VRT, VST, NRG, CAVA, WMT, COST, ANF, DECK, EQH, CEG, and more...
  -All time LOWS:   WW

Percent of Stocks Above 50-Day Average ...down from 61 to 51% 

Next week:      
MonTueWedThuFri
Earnings:

A, CRM, HPQ, ANF, CHWY, DKS, 
DG, BBY, COST, ZS, 
Events:

PCE

Top 100 Stocks To Buy

S&P 500 - holding near the all time high -big drop on Thu


Stocks last week +- 6% circled
NVDA rallied


Sectors last week - Tech was the only winning sector
Real Estate & Energy were weakest


5/19


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, VIX

Stocks AAPL, AMZN, AMD, GOOGL, META, MSFT, NVDA, TSLA...

More charts: 

VIX popped after Wed Futures expiration 
-now back at multi year lows!


5/19 Tech stock? Nope ...Walmart!




Tue...





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

News:  
Nasdaq closes Friday at record high as Nvidia and the AI trade rallies on
Nvidia stock pops 9%, tops $1,000 after earnings beat forecasts, announces stock split and dividend hike
Institutional investors have a lot riding on Vertiv Holdings Co (NYSE:VRT) with 82% ownership
Ethereum ETFs Approved: Insights into the SEC’s Decision
Chainlink (LINK) Price overtakes Bitcoin Cash (BCH) as it rejoins $10 Billion Valuation Club
Prediction: Bitcoin Will Reach $1 Millionitcoin Will Reach $1 Million Because of This Little-Known Phenomenon


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