Stock Market Weekly update -Sep 22

 We rallied for another week closing near 5702 on the SPX after a nice Post Fed rally, and finally achieving a new all time high on the SPX! The DOW also set new all time highs once again. NVDA & Semiconductors were mostly sideways though. The Fed surprised Wall Street with a .5% Interest rate cut, starting a new rate easing cycle.


This week we get the PCE report on Friday -could be a quiet week?



The 10 year Interest rate -was actually up a bit!  3.72%

The Dollar - once more, dropped a bit! 100.74

Gold -popped for a 2nd week! $2622 New all time high!

Oil -rallied for a 2nd week 71.19 

Bitcoin/Crypto:  -rallied again to 64,000ish


New all time Highs:  AXP, BK, BX, ALL, ANET, CEG,CAVA,  META, NOW, NDAQ, RCL, IBN

  ALL time Lows:  –

Pops & Drops/5 day movers: CEG popped

Earnings movers: ,,     FDX, dropped


Percent of stocks above the 50 day Moving Average: up from 57 to 63%

Percent of S&P 500 stocks above the 50 day Moving Average: moved up from 72 to 77%


Top 100 stocks to buy  


Next week:     … more chop?


Mon

Tue

Wed

Thu

Fri

Earnings

, 

, AZO, KBH

CTAS, MU

COST, 


Events





PCE



Markets:


SPX: Finally got to new All Time Highs 




Stocks last week - no real standouts 



Sectors last week 





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:



9/15: XLP -Consumer Staples -COST, PG, WMT, KO, etc




Dollar index falls to 100



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 rises to close at fresh record, posts winning week after big Fed rate cut

Fedex Crashes After Missing Across The Board, Cutting Guidance On "Weaker Demand Trends"

US budget deficit hit a STAGGERING $380 BILLION in August, up by 66% from August 2023 or $12 billion A DAY.

Motel 6 sold to Indian hotel operator Oyo for $525 million


Crypto:  

Franklin Templeton to Launch Mutual Fund on Solana

Solana Attracts Top US Financial Giants Citibank and Franklin Templeton 

Circle taps Sui blockchain for wider USDC integration

Circle Partners With Sony to Introduce USDC on Soneium

Circle's USDC in Brazil and Mexico Now Available to Businesses Via Banking System

Bitcoin breaks $62k for first time since mid-August, Solana leads gains


24/7 Wall St.

Fear & Greed Index 

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