Stock Market Weekly update -Nov 3

 We saw a pullback for a 2nd week after the big SPX rally, closing the week near 5728, as the DOW also dropped for a 2nd week. The Nasdaq 100 and Semiconductors dropped too, along with the Small-caps. Long term Interest rates climbed for yet another week!  Big Tech mostly dropped on earnings. Bitcoin saw a big rally, then gave it all back. Big week ahead! 


 We’ll see some more volatility this week with the Elections & a Fed Rate decision.

This week:  Schwab Weekly Trader's Outlook


Tue election, Wed Fed

4th week of Earnings.


The 10 year Interest rate -moved up again, 6 weeks up now. 4.36%

The Dollar -was flat, after a 4 week rally 104.32

Gold - dropped a bit from the all time high  $2735

Oil -down a bit 69.29

Bitcoin/Crypto:  - up a bit -around 68k


New all time Highs:  …lots of unfamiliar names! 

    

 ALL time Lows:  –LCID, MULN 

Pops & Drops/5 day movers:,   -Pops,,    Drops  - 

Earnings movers: ABBV, RDDT, LMND, SNAP, TEAM popped   

 -SMCI, LLY, AMD, MSFT, DHI, UBER dropped,,    

Percent of S&P 500 stocks above the 50 day Moving Average: 2nd week drop, from 76 to 55 to 48%


This week:     …


Mon

Tue

Wed

Thu

Fri

Earnings

PLTR, NXPI, BNTX, VRTX

DVN, MPC

CVS, GILD, ARM, QCOM, 

DUK, ANET, ABNB, FTNT, TTD

NRG

Events


Election


Fed




Markets:

High IV/VIX - opportunity to sell Options



SPX: -pulled back from the all time high for a 2nd week 





Stocks last week -TSLA loss vs previous week being the big winner -LLY dropped too




Sectors last week -another Red week!





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

Now over $35.9  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:



SMCI-dropped 

Super Micro's 45% plunge this week wipes out stock's gain for the year




Bitcoin -finally made it back to the all time high




LMT:  2 week drop



10/27: 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 closes nearly 300 points higher to begin November as investors shake off weak jobs report

Wall St Week Ahead US election, Fed meeting loom in big week for markets

US labor market staggers after blow from hurricanes, strikes

Nvidia to take Intel's spot on Dow Jones Industrial Average

Google's cloud outpaces AWS, Azure in Q3 as AI battle heats up

The ISM manufacturing PMI has shrunk in the past 23 out of 24 months marking the longest streak since the 1990s.

Microsoft stock forms first death cross in over 2 years — What’s next?

What Warren Buffett’s $100 billion Apple stock offload is telling us

Berkshire's cash soars to $325 billion, Buffett sells Apple, Bank of America

TGI Fridays files for bankruptcy, as sit-down chain restaurants face broad challenges

Wendy's Announces Closure of 140 Additional Locations This Year


Crypto/Blockchain:  

BlackRock Bitcoin ETF logs $318 million net inflows despite BTC price dip

Swiss Top Bank UBS Launches Ethereum-Based Fund

Huawei Integrates Digital Yuan in HarmonyOS NEXT, Reaching Up to 1 Billion Users


24/7 Wall St.

Fear & Greed Index
Top 100 stocks to buy  

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