Stock Market Weekly update -Aug 11

 We closed out the week at around 5344 on the SPX, after a huge drop on Monday (after Japan’s 12% market crash), basically making it mostly unchanged from the prior week’s level! The VIX spiked  to its highest level since the Covid crash.  We recovered from this 4th weekly drop, but we’ll see what next week brings with the CPI report, and earnings from some big Retailers..


Next week:  Schwab Weekly Trader's Outlook


CPI on Wed

Aug Options Expiration on Friday

The 10 year Interest rate -moved higher to just under 4%

The Dollar -mostly flat

Gold -mostly flat

Oil -up a bit

Bitcoin/Crypto:  recovered above 60k, after dropping to 50k


New all time highs:  GDDY, ICE, MCO, REGN, TMUS, 

 ALL time lows: CHGG, MULN, TDOC, ZM, 

Pops & Drops/5 day movers:  

Earnings movers:  FTNT, LLY, PLTR, SHOP, UA popped,   -ABNB, BMBL, FSLY dropped


Percent of stocks above 5- day Moving Average: dropped from 49 to 44% 

Top 100 stocks to buy  


Next week:     …maybe we see a bounce?


Mon

Tue

Wed

Thu

Fri

Earnings

, 

HD, 

CSCO

BABA, JD, WMT, DE, AMAT

AMAT, BRK.B

Events


PPI

CPI




Markets:


SPX: If we can get thru this zone above 5400, maybe breathe a sigh of relief…



Stocks last week



Sectors last week




Market concerns:   Inflation? Wars? Elections?  Anything?

Now over $35 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:





COVID darlings …no more. Now at all time lows!




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
Monday: Japanese stocks crash in biggest one-day drop since 1987 as global market rout intensifies

Stocks close higher, clawing back much of the week’s losses in major recovery from Monday’s sell-off

Bull trap? It’s ‘make or break’ time for U.S. soft landing case, strategist says

US Treasury Begins $50,000,000,000 Liquidity Injection As Trillion-Dollar Bond Market Witnesses Weak Demand

Apple used Google’s chips to train its AI — Where does that leave Nvidia?

Astronauts who were supposed to take 8-day ISS trip may be stranded until 2025 due to Boeing spaceship issues

Warren Buffett now owns more T-bills than the Federal Reserve

Warren Buffett’s sale of 510 million Apple shares will go down as one of the best bets of his career


Crypto:  

Bitcoin Witnesses $1,700,000,000 in Weekly Net Outflows As Whales Load Up on BTC Amid Correction

Top-100 Altcoins Sui and Helium Defy Crypto Market Downtick and Surge in Price Amid New Fundamental Developments


24/7 Wall St.

Fear & Greed Index 

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