Stock Market Weekly update -Nov 17

 The SPX dropped after making all time highs, closing around 5870 (2.5%drop, 4% on small-caps, the Nasdaq gave back most of the gains from the election) -the Fed’s comments contributed to some of the selloff. Long term Interest rates climbed for yet another week. Gold dropped again as the Dollar rallied for a 7th week!


We could see a bounce from this selloff, but we also could see the selloff eventually continue down to the pre-election level.

This week:  Schwab Weekly Trader's Outlook


, 

6th week of Earnings -Retailers


The 10 year Interest rate -rallied again -now. 4.4%

The Dollar -rallying for 7 weeks now 106.68

Gold - dropped to $2560

Oil -dropped to 68.50

Bitcoin/Crypto:  - another big rally to around 90k!


New all time Highs:  PLTR, WFC, FOX, LYV, NI, OKE

   ALL time Lows:  –LCID, SAVE, TLRY, SEDG 


Pops & Drops/5 day movers:,   -Pops:  PLTR, MSTR, AFRM, QUBT, 

  Drops  - SMCI, 

Earnings movers: DIS, SHOP, RKLB,, popped   AMAT, OKLO dropped,,    

Percent of S&P 500 stocks above the 50 day Moving Average: dropped from 65 to 55%


This week:     …


Mon

Tue

Wed

Thu

Fri

Earnings


LOW, WMT, MDT,

TGT, TJX, NIO, NVDA, SNOW, PANW

BIDU, PDD, DE, BJ, ROST, INTU 


Events









Markets:

Pulling back from all time highs on the Indexes.



SPX: -we could see a rally from this ‘support’ level





Stocks last week -Semis & Healthcare dropped 



Sectors last week -





Market concerns:   Inflation? Wars? Debt?  Anything?

Now over $36  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, QQQ, IWM, SQQQ/TQQQ, SMH, XLF, XLE, VIX -also SPX index

Stocks

AAPL, AMZN, GOOGL, META, MSFT, NVDA, NFLX, TSLA...



More charts:



US Dollar :  7th week up! Could see resistance at this ‘level’




Bitcoin -another new all time weekly high -over 92k. Targeting 100k?





PLTR -time to take profits??




Coffee & OJ  -Inflation is over?



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
Restaurant executives can't wait for 2025 after slow traffic and wave of bankruptcies

China's debt-to-GDP ratio hit a MASSIVE 366% in Q1 2024, a new record

Korean Traders now hold over $100 Billion worth of U.S. Stocks, their largest position in history

U.S. National Debt hits new all-time high of $36 Trillion

Cava stock: what could drive future gains after a 300% year-to-date rally?

AMD to lay off 4% of workforce, or about 1000 employees


Crypto/Blockchain:  

BlackRock Expands Tokenized RWA Fund Beyond Ethereum to Aptos, Arbitrum, Avalanche, OP Mainnet, Polygon

Solana vs. Bitcoin: Why Solana is called a ‘high-beta Bitcoin’


24/7 Wall St.

Fear & Greed Index
Top 100 stocks to buy  

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