Stock Market Weekly update -Oct 6

 We closed up on Fri, near 5753 on the SPX, after dipping a bit for the week, very near the all time high. The DOW eked out another new all time high for a 4th week. Semiconductors barely moved, still lagging from the Jul 11 top. The Small-caps dropped slightly for a 2nd week. China stocks rallied hard for a 2nd week. Oil prices rallied! Long term Interest rates moved up as Bonds dropped! Volatility from the Jobs report caused 3 up and down swings of 40 points each in the SPX on Friday. More to come this week maybe, with another CPI report due.


This week:  Schwab Weekly Trader's Outlook


CPI, PPI

Bank earnings begin on Fri.


The 10 year Interest rate -was actually up again, for a 3rd week!  3.98%

The Dollar -popped as rates popped, taking out 6 weeks of downside moves! 102.49

Gold -mostly flat at $2653

Oil -popped to 74.39

Bitcoin/Crypto:  -dropped to 62000ish


New all time Highs:  -AXP, CAT, IBM, XOM (DOW stocks)- EAT, CALM, META, AFL, MET, CEG, LNG, NRG,, VST    

ALL time Lows:  –SAVE

Pops & Drops/5 day movers:, CLOV, & China stocks popped again   -HUM dropped 

Earnings movers: ,,    


Percent of stocks above the 50 day Moving Average: dropped from 64 to 60%

Percent of S&P 500 stocks above the 50 day Moving Average: dropped from 83 to 74%


Top 100 stocks to buy  


Next week:     …


Mon

Tue

Wed

Thu

Fri

Earnings

, 

PEP

, 

DAL, 

BK, BLK,JPM, WFC, FAST

Events




CPI

PPI



Markets:



SPX: -holding up above the July highs 



Stocks last week - HUM dropped 



Sectors last week 





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

Now over $35.4  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, NFLX, TSLA...



More charts:



Chinese stocks popped for a 2nd week!



VST -all time high



SAVE -Spirit Air -all time low!



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 jumps 300 points for record close as September’s big jobs report spurs rally

The Dow jumps 200 points as hiring smashes expectations and the port strike ends

Inflation update and the start of Q3 earnings: What to know this week

Total US debt explodes to $35.7 trillion on Oct 1, up $345 billion from Sept 27

McDonald’s Chicken Big Mac launch: Can it drive MCD stock growth in 2024?

Florida Faces Another Deadly Storm After Hurricane Helene


Crypto:  

XRP Recognized by SWIFT as a Bridge Currency for 11,000+ Banks

Visa gets into tokenization: What to know

Weekly Market Review: FTT, POPCAT, W, MANTRA, APT

Here’s why SUI price is in an ‘unstoppable’ bull run


24/7 Wall St.

Fear & Greed Index 

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