Stock Market Weekly update -Aug 25

We got a 3rd weekly rally and closed near 5650 on the SPX, around 100 points higher than the prior week, though we did see a big drop in markets on Thu before the Fed announcement. The DOW and the NYA reached new all time highs (over 41,000 on the DOW), while the Small-caps saw a big rally for a 3rd week as well, but it is still below the Aug 1st level seen before the big market drop. We’ll see what next week brings, maybe new all time highs on the SPX? NVDA earnings and the PCE report ahead. 

The US Dollar saw another big weekly drop (dropping for 8 weeks), as Gold reached a new high above 2500. The 10yr Interest Rate dropped slightly after the Fed Jackson Hole presentation.


Next week:  Schwab Weekly Trader's Outlook


NVDA earnings/Wed

PCE report on Fri


The 10 year Interest rate -dropped a bit, holding under 4%

The Dollar -dropped again

Gold -rallied as the Dollar dropped

Oil -dropped  a bit

Bitcoin/Crypto:  -big rally on Fri over 64,000


New all time highs:  ABBV, AZ, CAVA, AFL, HIG, HCA, AVT, PGR, ISRG, (DHI, LEN,TOL), BRK.B, BK, JPM, CL, ROST, and more.

 ALL time lows:  ME 

Pops & Drops/5 day movers: PTON, RDFN popped,, 

Earnings movers: TJX, TGT, popped,   INTU, SNOW dropped


Percent of stocks above 5- day Moving Average: popped from 56 to 67% -3rd weekly rise

Top 100 stocks to buy  


Next week:     …Continued rally?


Mon

Tue

Wed

Thu

Fri

Earnings

BHP, 

, 

NVDA, CRM, CRWD, FL, AFRM,

DG, ULTA, LULU, DELL, CPB


Events





PCE report


Markets:


SPX: Aiming for the All Time High! 



Stocks last week -no huge winners or losers



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:


The Dollar has been dropping for several weeks (weekly chart)








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 closes more than 450 points higher as Powell signals Fed rate cuts are coming

Fed Chair Powell indicates interest rate cuts ahead: ‘The time has come for policy to adjust’

A gold bar is now worth $1 million

New data shows US job growth has been far weaker than initially reported

New US bankruptcy filings at HIGHEST level since 2017.


Crypto:  

Telegram messaging app CEO Durov reportedly arrested in France

Bitcoin soars above $63,000 as money flows in to new US investment products


24/7 Wall St.

Fear & Greed Index 

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