Stock Market Weekly update -Sep 1

 We closed near 5648 on the SPX, around 2 points lower than the prior week, so almost at all time highs but no big change! The DOW and the NYA powered to new all time highs again, but the Small-caps lagged a bit. We’ll see what next week brings, maybe we’ll try for new all time highs on the SPX again? NVDA earnings were stellar but the stock slumped -Call buyers were disappointed! 

The US Dollar saw a turnaround week higher! The 10yr Interest Rate was up a bit. 


Next week:  Schwab Weekly Trader's Outlook

Holiday on Monday!

Jobs report on Friday



The 10 year Interest rate -was up a bit, but still holding under 4%

The Dollar -rallied

Gold -was flat

Oil -dropped  again

Bitcoin/Crypto:  -dropped (Fri 30th Futures expiration?)


New all time highs: AXP, JPM, KO, WMT, UNH, BK, BRK.B, AZN, BSX, NFLX, TXN, ALL, AFL, CB, PGR, HIG, FI, NOW, LMT   -multiple DOW stocks! -multiple Insurance companies! …and more

 ALL time lows:  BIG

Pops & Drops/5 day movers: , SMCI, DLTR, PDD dropped

Earnings movers: AFRM popped,  DG, ULTA, dropped


Percent of stocks above the 50 day Moving Average: dropped from 67 to 66%

Percent of S&P 500 stocks above the 50 day Moving Average: 81%


Top 100 stocks to buy  


Next week:     …Continued rally?


Mon

Tue

Wed

Thu

Fri

Earnings

, 

ZS, 

DLTR, DKS, HPE

AVGO


Events





Jobs report



Markets:


SPX: Still aiming for the All Time High! 



9 out of 10 months up, since last October.



Stocks last week -NVDA was the big loser!! Also SMCI (-28%) & MU



Sectors last week -Financials led




Market concerns:   Inflation? Wars? Elections? Debt?  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:






WBA -what’s wrong with this company?? Almost 10 years of decline.




DKS -nothing wrong here! Nice 10 bagger





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 notches record high close after upbeat economic data

Stocks Rise as Major Indexes Wrap up a Volatile August With Monthly Gains

Stocks Close Out a Volatile August Back Where They Started

Here are the S&P 500’s best-performing stocks in August

Nvidia reports 122% revenue growth on surging demand for data center chips

Super Micro Is August’s Worst Performer. The Best Stock Has Nothing to Do With AI.

BRICS: Payments in Chinese Yuan Surpasses the US Dollar by 2.5%

Savings rate record low; Credit card debt record high

Lululemon cuts guidance, misses sales estimates after botched product launch

Warren Buffett leads Berkshire Hathaway to $1 trillion at age 94


Crypto:  

Bitcoin: El Salvador’s $135M BTC Bet Soars to $400M: A Success Story

Why Traditional Banks Must Embrace Crypto Now: Tokenization, Blockchain, and the Future of Finance

SOL dips, TON faces latest hurdle as DTX Exchange sees investor interest

Helium spikes 51% in August as investors favor new proposals


24/7 Wall St.

Fear & Greed Index 

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