Stock Market Weekly update -Jun 2

We closed out May with a monster reversal rally late on Fri, Options expiration day, once again ending the week pretty much right where we started (just under). The DOW was up 575 points on Fri, while the Nasdaq was down slightly! Bond auctions were somewhat weak. Next week we get the Monthly Jobs report.

NVDA predictably closed just under the 1100 level, so no one got paid holding the massive amounts of Calls & Puts above & below 1100 which expired worthless on Friday (except for the market makers of course!).
CRM saw a huge drop after reporting earnings, ANF & DKS rallied to new all time weekly highs.

The Dollar -was mostly flat 
The 10 year Interest rate -mostly flat as well

Gold was up a bit
Oil -was down a bit
Bitcoin/Crypto -somewhat flat

What to Expect in the Markets Next Week -Jobs report
Schwab Weekly Trader's Outlook

Pops & Drops/5 day movers:  ,   PATH dropped
Earnings:   ANF, GPS, DKS, BBY rallied    -CRM dropped

New all time Highs:   AFL, EQH, HCA, LLY, WMT, SKX   -All time LOWS:   --

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

Next week:      
MonTueWedThuFri
Earnings:CRWD, HPE LULU, CPB, DLTR, 
Events:

Jobs report

Top 100 Stocks To Buy

S&P 500 - holding near the all time high -huge recovery on Fri

Stocks last week +- 6% circled


Sectors last week - Tech was the losing sector (it was the winner the prior week!)
Energy & Utilities were strongest




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: 


 Tech stock? Nope ...Walmart! Another week, another All time high!


 Tech stock? Nope ...ANF! Another week, another All time high!





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

News:  
Dow closes more than 570 points higher to post best day in 2024...
New jobs report report kicks off new month of trading: What to know this week
Buffett Invests in T-bills instead of Stocks...


24/7 Wall St.
Fear & Greed Index 

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