Stock Market Weekly update -Dec 22

 The Indexes saw a sharp pullback after the Fed interest rate announcements on Wednesday, followed by a small recovery on Friday. The DOW also recovered a bit after dropping consistently for 11 days, similar to the Russell2000. Long term Interest rates moved up again, as did the Dollar! The Mag7 all pulled back except for AAPL, while NVDA ended mostly flat for the week. Market Breadth continued to weaken, dropping to as low as 80% of S&P500 stocks being below their 50day moving average price. Huge trading volumes on Friday too, as we saw a multi trillion dollar year end Options Expiration.


This week:  Schwab Weekly Trader's Outlook


Wed -Christmas day.  ½ day on Tuesday

Santa rally? No major reports or earnings this week.


The 10 year Interest rate -rallied again to 4.525%

The Dollar -another weekly rally to 107.80

Gold - dropped to  $2622

Oil -dropped to 69.50

Bitcoin/Crypto:  - dropped from 108k to around the 95k level on Sun

 

New all time Highs:  AAPL, DECK, DRI, URBN -very short list!

    ALL time Lows:  – TLRY, CGC, BYND


Pops & Drops/5 day movers:,   -Pops:  QUBT, QBTS, SOUN,  RGTI, TEVA, IONQ,  Drops - NVO

Earnings movers: .  MU, CTAS dropped,,    

Percent of S&P 500 stocks above the 50 day Moving Average:  Dropped again, now from 46.9 to 25.5%


This week:     …


Mon

Tue

Wed

Thu

Fri

Earnings






Events


½ Day

Christmas





Markets:

The indexes dropped, some of them giving back all of the election rally.



12/15 SPX -After a 3 week rally, we pulled back a bit 


12/22 SPX: Pulled back to the 2nd support level shown last week (above)




Stocks last week -RED week




Sectors last week 





Market concerns:   Inflation? Wars? Debt?  Anything?

Now over $36.2  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:



11/17 PLTR -time to take profits??   

12/22 Still chugging along…




Brazil ETF






11/17 Coffee, Cocoa, & OJ inflation? 11/29, 12/07, 12/15, 12/22 -yet another week up 



12/06:  S&P 500: 8 Stocks Drive 50% Of The Year's $11.8 Trillion Stock Gain



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   Crypto News
Largest Companies by Marketcap

News
Dow closes nearly 500 points higher on cooler inflation data, but index posts third straight losing week

Fed Sets Stage For Fewer (or Possibly No) Rate Cuts in 2025

Cocoa’s the best-performing commodity in 2024 — and even beat bitcoin.

Big investors & corporations are hoarding cash like NEVER before

Novo Nordisk shares head for worst day since the 1980s

FDA approves Eli Lilly's weight loss drug Zepbound for sleep apnea, expanding use in U.S.

Why the stock market may sell off even more in January

Stock buybacks soar as holiday rally breaks records

CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud

FDIC Warns 68 US Banks in Danger of Insolvency As Lenders Face $364,000,000,000 in Unrealized Losses

Malls are using new restaurants to draw consumers as shopping centers reinvent themselves

This country may have the fastest-growing e-commerce sector ‘on the planet’

Walmart is the 2024 Yahoo Finance Company of the Year

Crypto/Blockchain:  

Tether’s Market Cap Taps $140B as Stablecoin Dominates Crypto Trading

Solana (SOL)-Based Decentralized Real Estate Trading Platform Token Rises and Falls Following Coinbase Listing

XRP Demand To Surge in 2025 as RLUSD Stablecoin Launches…

Crypto Market Sees $1.2 Billion in Liquidations as Bitcoin, Dogecoin, XRP and Solana Face Double-Digit Losses

Solv Protocol Secures Spot on Hyperliquid’s Exchange in $130,000 Auction, Expands Bitcoin DeFi Reach

Hedera taps into Chainlink’s data standard to boost DeFi and RWA adoption


Crypto Banter (@crypto_banter) posted at 7:40 AM on Fri, Dec 06, 2024:

‘Blockchain’ Activity Breakdown… 

🔴 Solana ( $SOL ) dominates with 44% (DeFi leading at 4.5M)

🔴 $NEAR Protocol at 17.8% (Infrastructure: 1.4M)

🔴 $TRON holds 17.3% (Wallet-to-wallet transfers: 1.9M)

🔴 $BASE climbs to 5.2% (DeFi: 383K)

🔴 Ethereum ( $ETH ) & $SUI trail 


24/7 Wall St.

Fear & Greed Index
Top 100 stocks to buy  

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