Stock Market Weekly update -Jul 21

  We closed out the week at around 5505 on the SPX, more than a 100 point drop from the prior week. All the indexes pulled back, as the VIX Futures expired on Wednesday. The weekly charts show a possible topping tail on the DOW & Small-caps, along with the Financials. Semis showed a double top on the daily chart.  We’ve started a pullback in the market, similar to what we saw in April -time will tell how much further it will fall. 

*Biden drops out of 2024 presidential election

Next week:  Schwab Weekly Trader's Outlook


Big Earnings week -GOOGL, TSLA, and more.

PCE report on Friday


New all time highs: WMT, ISRG, WM,

The 10 year Interest rate was mostly flat
The Dollar -also flat
Gold -rallied then pulLed back
Oil -dropped a bit
Bitcoin/Crypto:  Huge rally

Pops & Drops/5 day movers: COIN, MARA,
Earnings movers:  UNH popped,  ASML, TSM, DPZ dropped

Percent of stocks above 5- day Moving Average: 63% -no change (rallied & pulled back)
Top 100 stocks to buy

Next week:      


Mon

Tue

Wed

Thu

Fri

Earnings:


KO, UPS, GOOGL, TSLA, V

CMG, IBM, WM

ABBV, DECK

BMY, MMM, CL

Events:







Markets:

We broke the streak of All time Highs!



Stocks last week  +-6% circled



Technology & Comm Services at the bottom of the list


Market concerns:   Inflation? Wars? Price extremes? Anything?

Now over $34 Trillion in debt!  See Debt Clock below, or here... 

Options watch:   

High IV (Implied Volatility) stocks -link   

High Options volume:   (most active link, or here)


ETFs

SPY, IWM, QQQ, SQQQ/TQQQ, SMH, XLF, XLE, VIX


Stocks

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


More charts: 



Links...

10yr Interest Rates 
Labor Force Participation Rate
U.S. Initial Jobless Claims
ETFs performance - Ranked by  Volume
S&P 500 Sector performance
Commodities / Futures
Crypto

News:   
Dow tumbles more than 370 points, S&P 500 posts worst week since April as investors dump big tech
CrowdStrike’s faulty update crashed 8.5 million Windows devices, says Microsoft 
Is AMD's Latest Deal a Game-Changer?

Crypto:  
Bitcoin Tops $67K as Cryptos Rally Amid Global IT Outage; Solana's SOL Leads Altcoins

24/7 Wall St.

Fear & Greed Index 

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