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Showing posts from October, 2024

Stock Market Weekly update -Oct 27

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We saw a break in the 6 week SPX rally, closing near 5808, as the DOW also dropped & took back the prior 3 weeks of gains! The Nasdaq 100 rallied for yet another week, tho not by much. Semiconductors were mostly flat for the week, while Small-caps saw a big drop like the DOW. Long term Interest rates continued higher. TSLA popped on earnings, IBM, KO, CL dropped.  We’ll probably see some volatility this week with big tech  earnings, and the Jobs report on Fri. This week:   Schwab Weekly Trader's Outlook Monthly Jobs report/ Fri 3rd week of Earnings. The 10 year Interest rate -moved up again 4.23% The Dollar -was up for a 4th week 104.32 Gold - another all time high at $2748 Oil -up a bit 71.70 Bitcoin/Crypto :  - down a bit -around 67k New all time Highs :  PLTR, TMUS, PM, ICE, TTD, NDAQ, MSTR, DFS, CAVA, TXRH, EAT, BAM and more.       ALL time Lows :  – Pops & Drops/5 day movers :,   - Pops DJT (5th week), WU...

Stock Market Weekly update -Oct 20

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  Another week, another rally, with the SPX closing near 5865 , another all time high. Same with the DOW for a 6th week of all time highs! The Nasdaq 100 is still working on getting there. Semiconductors dropped for the week, while Small-caps popped -both still lagging from their all time highs (Nov 2021 for the small-caps). NFLX popped to a new all time high on earnings, as did TSM, GS, MS,BX, TRV, ISRG.  This week we get more earnings reports.  This week:   Schwab Weekly Trader's Outlook 2nd week of Earnings. The 10 year Interest rate -was flat 4.07% The Dollar -was up for a 3rd week 103.46 Gold - all time high at $2721 Oil -dropped  68.78 Bitcoin/Crypto :  - rallied again to over  68k New all time Highs :  NFLX, JPM, BK, MA, MCD,RJF, BSX, ISRG, DUK, ED, SO, CCJ, CAVA, BAM, TMUS, TTD, WPM, and more.      ALL time Lows :  – Pops & Drops/5 day movers :,   -LCID, XPEV dropped Earnings movers : TSM popped ...