Stock Market Weekly update -Jun 16

 We closed out the week at another new all time high of over 5400 in the SPX, though market breath continues to weaken more. The S&P and Nasdaq popped after the CPI report, but the DOW and Small-caps dropped! Long term Interest rates also dropped, tho the Dollar was up. AAPL popped up to a new all time high! As did NVDA, AVGO, ARM, MSFT, GOOGL, WMT, ANF, etc. -the usual suspects. 

Next week could be a quiet one with no major economic reports or earnings, just the June monthly/quarterly Options expiration on Friday. The SPX and Nasdaq100 currently show 'extreme' levels on a daily chart.

The Dollar -was up again
The 10 year Interest rate (4.22%)  -dropped
Gold recovered after a 3 week drop
Oil -also recovered
Bitcoin/Crypto -dropped

What to Expect in the Markets Next Week -Options expiration Mo/Qtr
Schwab Weekly Trader's Outlook

Earnings:   ADBE, AVGO, ORCL rallied    -

New all time Highs:   NVDA, ARM, AVGO, TJX, PSTG, COST, AJG, REGN, VRTX
  -All time LOWS:   --

Percent of Stocks Above 50-Day Average ...dropped from 42 to 36% !!

Top 100 Stocks To Buy

Next week:      
MonTueWedThuFri
Earnings:


Events:
, 
OpEx



S&P 500 - Another new the all time high
Still a mega-cap only rally, as most S&P stocks are under their 50 day moving average, and this number keeps growing!



Stocks last week +- 6% circled

Sectors last week - Tech led the way


06/09:  Average Daily Options Volume hits all-time high
6/16 Huge Quarterly Expiration this Friday





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: 


AAPL -Huge breakout move!



AVGO: One of the biig movers last week -also a huge breakout
Broadcom (NASDAQ:AVGO) Soars on 10-for-1 Stock Split



LLY continues to power higher



Links...
ETFs performance - Ranked by  Volume 
S&P 500 Sector performance 

News:  

S&P 500 ends lower, European stocks wrap up biggest weekly loss of the year

US equity funds saw largest weekly outflow in 18 months

Here’s the Fed’s new rate forecast that’s moving the markets

Treasury yields slide again after PPI fell in May


Crypto:   

24/7 Wall St.
Fear & Greed Index 

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