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Showing posts from November, 2024

Stock Market Weekly update -Dec 1

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  The SPX rallied for another week closing over 6000 (near 6032). The DOW and Russell2000 closed at all time highs (first time for the Russell since 2021). Long term Interest rates dropped, and so did the Dollar. NVDA dropped for a 2nd week after reporting earnings. WMT continued to rally like a tech stock!  This week:   Schwab Weekly Trader's Outlook   The 10 year Interest rate -dropped to 4.17% The Dollar -dropped after rallying for 8 weeks: 105.78 Gold - somewhat flat  $26.50 Oil -dropped  to 68.30 Bitcoin/Crypto :  - dropped & recovered to around 96k! ,  New all time Highs :  APPL, BK, MA, SYF,  KKR, NDAQ, RKLB, BJ, WMT, SFM, AJG, MMC, MAR      ALL time Lows :  –  Pops & Drops/5 day movers :,   - Pops: ACHR, QUBT, OPEN, HIMS, JOBY   Drops - SAVA Earnings movers : ...  popped.   dropped,,     Percent of S&P 500 stocks above the 50 day Moving A...

Stock Market Weekly update -Nov 24

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  The SPX recovered from the prior week drop, moving from 5870 to close on Friday at 5970. The other indexes also rallied, with the DOW closing at the prior all time high from 2 weeks ago. Long term Interest rates stayed mostly flat as the Dollar continued to rally. Gold had a big recovery rally. NVDA reported blowout numbers again, but the stock dropped! TGT tanked after earnings, still dropping since its peak in Aug 2021. WMT popped on earnings to another all time high (a DOW stock rallying like a tech stock since its bottom in May 2022) -this was its 4th earnings pop this year. This will be a short trading week because of the Thanksgiving holiday. This week:   Schwab Weekly Trader's Outlook   Market is closed on Thursday The 10 year Interest rate -flat at 4.4% The Dollar - rallying for 8 weeks now 107.5 Gold - rallied to $2715 Oil -rallied  to 71.10 Bitcoin/Crypto :  - another big rally to around 99.5k! New all time Highs :  WMT, BJ, COST, WFC, JPM,...