Stock Market Weekly update -Nov 24

 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, MS, BX, AXP, BSX, RKLB, CPRT, VST, NI, OKE, DECK, ALL, PGR, NDAQ, and more…     ALL time Lows:  – 


Pops & Drops/5 day movers:,   -Pops:  SMCI, AI, BKKT, QUBT, LMND, SOUN    Drops - 

Earnings movers: WMT, BJ, DE, SNOW  popped.   TGT dropped,,    

Percent of S&P 500 stocks above the 50 day Moving Average: UP from 55% TO 63%


This week:     …


Mon

Tue

Wed

Thu

Fri

Earnings

ZM

DELL, CRWD, BBY, M, DKS, 




Events




Thanksgiving





Markets:

Nice recovery rally last week.



SPX: -we did get a nice rally from that ‘support’ level!





Stocks last week 




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 :  8th week up! Rallied above the resistance ‘level’!




Bitcoin -another new all time weekly high. Touched 100k in the Futures!





11/17 PLTR -time to take profits??




11/17 Coffee & OJ  -Inflation is over? 11/23 Another week up




MSTR drop



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 closes at record, S&P 500, Nasdaq rise as Wall Street notches strong weekly gains

Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival 

Nvidia Stock Falls 3% On Rare Downgrade, Missed 'Bullish Whispers'

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

570 large US companies have declared bankruptcy year-to-date, the most in 14 years

Data centers powering artificial intelligence could use more electricity than entire cities

The 90-day auto delinquency rate is higher than the peak reached in 2009, per WSJ

Spirit Airlines stock delisted by New York Stock Exchange


Crypto/Blockchain:  

Bitcoin Treads Water Near $100,000 With Next Big Target In Sight

Bitcoin Posts New ATH Amid BlackRock's IBIT Options Launch

Coinbase App Gets Left Behind as Memecoin Craze Drives Traders On-Chain

Bitcoin ETFs are catching up to Gold ETFs for total assets held.

Stripe, Circle Bring USDC Stablecoin Services to Aptos to Boost Global Payments

Solana Spot ETF Approval Edges Closer Amid SEC Engagement

Solana DeFi Soars: Record $5B+ Daily DEX Trading Volume

Chainlink, Microsoft, Banco Inter collaborate on Brazil’s CBDC pilot


Crypto Fear & Greed index


24/7 Wall St.

Fear & Greed Index
Top 100 stocks to buy  

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