Stock Market Weekly update -Dec 8

 The SPX and Nasdaq rallied for yet another week, with the SPX closing near 6100. The DOW and Russell2000 pulled back a bit. Long term Interest rates dropped for a 3rd week. WMT continued to rally like a tech stock (since Dec 2023) to another all time high! PLTR powered higher as well -new all time high. AMZN, AAPL, META, NFLX & IBM popped to new all time highs. Bitcoin powered over the $100k level to new all time highs.


This week:  Schwab Weekly Trader's Outlook


CPI & PPI reports



The 10 year Interest rate -3rd week dropping, to 4.15%

The Dollar -flat after rallying for 8 weeks: 105.97

Gold - dropped  $2632

Oil -dropped  to 67.10 -now at a potential support level

Bitcoin/Crypto:  - recovered to around 100k

, 

New all time Highs:  AAPL, AMZN, PLTR, ANET, NFLX, IBM, WMT, COST, AXON, IONQ, ISRG, H, HLT, MAR, WH, PANW, RCL, and more…

    ALL time Lows:  – TLRY


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

Earnings movers:,,,  CRM, LULU, DOCU, PSTG popped.   dropped,,    

Percent of S&P 500 stocks above the 50 day Moving Average: DOWN from 63 to 58%


This week:     …


Mon

Tue

Wed

Thu

Fri

Earnings

ORCL, MDB, TOL

AZN, GME

ADBE, 

AVGO, COST


Events



CPI

PPI




Markets:

Another rally week & new all time high!



SPX: We got another rally, for a 3rd week





Stocks last week -Tech was strong!




Sectors last week -Energy & Utilities lagged





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??   11/29, 12/07 -Nope!




WMT -a DOW stock -still on fire!



NFLX -still powering higher!







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



Also-  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
Largest Companies by Marketcap

News
S&P 500 rises to a record close Friday, posts third straight winning week
 US jobs bounce back after hurricanes and strikes
 US 10-year yields fall to six-week low after payrolls, markets see green light to December cut
Vanguard Announces New Treasury Bill ETFs: New Best Cash Alternative?
Credit card defaults are rising at record levels
Salesforce $CRM missed on earnings and guided down and is exploding higher 🤔

Crypto/Blockchain:  

BlackRock’s IBIT Hits $50 Billion in Record Time as Bitcoin Surges Past $100,000

21X will launch its exchange with fully regulated asset tokenization

How a Doom Tournament Made Cardano the Fastest Blockchain With 1M TPS

AI-Powered Cryptocurrencies On The Rise But Self-Learning Smart Contracts Raise Data Protection Concerns

PayPal Co-Founder David Sacks Named as First White House AI and Crypto Czar

The future of blockchain is not Bitcoin


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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