Stock Market Weekly update -Oct 27

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), WULF 2nd week, PHUN 3rd week, MSTR 7th week, IONQ 7th week,   

Drops  -CPRI, GPC, 

Earnings movers: TSLA popped   -IBM, LMT,  dropped,,    

Percent of S&P 500 stocks above the 50 day Moving Average: dropped from 76 to 55%

This week:     …


Mon

Tue

Wed

Thu

Fri

Earnings

WM, 

AMD, GOOGL, CMG, MCD, V, PFE, BP, PYPL, DHI, 

MSFT, META, COIN, AMGN, ABBV, LLY, CAT, SBUX

AAPL, AMZN, INTC, MA, MRK, UBER, COP, TEAM

CVX, XOM, 

Events





Jobs report



Markets


SPX: -pulled back from the all time high 





Stocks last week -TSLA was the big winner




Sectors last week -Red week!





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

Now over $35.8  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:



TSLA -popped 22% after earnings




GOLD -another new all time high




PLTR -all time high



TMUS -all time high



BAM -all time high



MSTR -all time high -follows Bitcoin



SAVE -Spirit Airlines



Stock Market hits most overvalued level since the peak of the Dot Com Bubble



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, S&P 500 fall Friday - but Nasdaq sees longest weekly winning streak of 2024

Stock Market Concentration Risk hits highest level in more than 90 years

Americans have $628 billion in credit card debt that is unpaid or rolled over every month, a new record.

Nvidia overtakes Apple as world's most valuable company

New York Stock Exchange to extend after-hours trading

September home sales drop to lowest level since 2010


Crypto/Blockchain:  

Bank of England to press on with digital currency in case banks fall short, Bailey says

159 countries are set to adopt the BRICS new payment system.


24/7 Wall St.

Fear & Greed Index
Top 100 stocks to buy  



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