Stock Market Weekly update -Sep 15

 We rallied and  closed near 5630 on the SPX, recovering 220 of the 250 points lost from the prior week! A monster move back up after the CPI report, and now almost at the all time high of around 5680! The DOW is pretty much back at all time highs. NVDA & Semiconductors had a nice recovery week. 


Very choppy market with greater than 100 point up & down moves in the SPX, tho odds probably favor a move in the SPX to new all time highs. We could be looking at more choppy action this week as we get the Fed meeting, along with Quarterly Options expiration, and VIX Futures expiration.


Next week:  Schwab Weekly Trader's Outlook


Retail Sales report, Fed meeting, VIX expiration Wednesday, Options expiration Friday



The 10 year Interest rate -dropped again to 3.65%, a new 52 week low.

The Dollar - dropped a bit!

Gold -popped 

Oil -dropped a bit

Bitcoin/Crypto:  -rallied to 60,000 


New all time Highs:  BAM, BX, BK, RY, BSX, ISRG, CBRE, COST, CHKP, IBM, MA, ORCL, PGR, DHI, LEN, TOL, SYK, WMT, WPM, and more   ALL time Lows:  –

Pops & Drops/5 day movers: AVGO, ARM, VRT, RDFN, CHWY, WOOF, MPW, U, PLCE popped

Earnings movers:  ORCL, RH popped,     ADBE, dropped


Percent of stocks above the 50 day Moving Average: up from to 44 to 57%

Percent of S&P 500 stocks above the 50 day Moving Average: moved up from 58 to 72%


Top 100 stocks to buy  


Next week:     … more chop?


Mon

Tue

Wed

Thu

Fri

Earnings

, 

, 

GIS

FDX, LEN


Events


Retail Sales report

Fed Rate cut, 

VIX Futures expiration

Weekly Unemployment, Home sales

Quarterly Options expiration -Stocks & Futures



Markets:


SPX: Still aiming for the All Time High -3rd time trying (blue line) 



10yr Interest rates -Still dropping





Stocks last week - nice recovery





Sectors last week -Tech 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:



9/8: Personal interest payments have crossed $500 billion



XLP -Consumer Staples -COST, PG, WMT, KO, etc




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
S&P 500 and Nasdaq rally Friday to cap best week in 2024

Fed interest rate decision looms in critical week for markets: What to know this week

Dow Jones Futures Rise As Market Revives, 25 Stocks In Buy Zones

Commodities are the cheapest they’ve been vs the S&P 500 since the 1970s

US Budget Gap Reaches $1.9 Trillion as Fiscal Year Nears End

Billionaire Bill Gates Has 69% of His Foundation's $48 Billion Portfolio Invested in Just 3 Phenomenal Stocks

Verizon to eliminate nearly 5,000 employees in $2 billion cost-cutting move

Chinese Stocks fall to lowest prices since January 2019 

Death toll rises as torrential rain and flooding force mass evacuations across Central Europe


Crypto:  

Visa aims for 10-fold rise in Pakistani use of digital payments

Polygon Completes MATIC to POL Upgrade


A Deep Dive Into the Top 10 L1 Chains by Daily Transfer Records


24/7 Wall St.

Fear & Greed Index 

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