Stock Market Weekly update -Jun 23
We closed out the week at another new all time high of around 5465 in the SPX, tho we saw a drop in NVDA, AVGO, AAPL MU, and other high fliers. With the Dollar rising, and stocks arguably near extremes, we could see a pause coming in this rally.
Next week could be a quiet one with no major economic reports or earnings, just the PCE on Friday.
Gold -down a bit
Oil -up for a 2nd week
Bitcoin/Crypto -dropped for a 2nd week
What to Expect in the Markets Next Week -GDP, PCE on Fri
Schwab Weekly Trader's Outlook
Earnings:
New all time Highs: GOOGL, WMT, BSX, REGN, CL, AFL, MMC,
-All time LOWS: --
Percent of Stocks Above 50-Day Average ...up from 36 to 39%
Next week:
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
Stocks last week +- 6% circled
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:
WMT -still on the all time high list! 29PE
MMC -not an everyday name, but a consistent winner -all time high, 27PE
COST -another winner -all time high, 52PE
COST -EPS
Key 'Levels'
The Nasdaq touched 20000 before pulling back on Thursday
Where did all the bears go?
Links...
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