Stock Market Weekly update -Jan 12

 We saw another ‘down’ week in the markets and another ‘up’ week in long term interest rates. Stocks pretty much topped out right after Thanksgiving, and have been dropping since (the big Fed catalyst helped too). Long term Rates bottomed in September and have been rising since, possibly heading to 5% on the 10 year Note. The last time rates got to 5% (Oct 2023), it flipped back down to 3.8% over the next 8 weeks! The Dollar continued its rally which started in early October, when long term rates started moving up.

AAPL, GOOGL, NVDA, BRK-B, have pulled back to their July highs, so no profits for these investors over the past 6 months. MSFT, LLY, SMH (semiconductors), IWM (small-caps) are below their Jul high, while META, NFLX, TSLA , PLTR, AVGO, GS, WMT are all well above their Jul highs. 


This week:  Schwab Weekly Trader's Outlook


CPI, PPI Inflation reports

Earnings kickoff week -mostly Banks

Huge Jan Options Expiration Friday


The 10 year Interest rate -rallied again to 4.77%

The Dollar -yet another week up 109.64

Gold - rallied (trending up) $2690

Oil -rallied for a 2nd week 76.54

Bitcoin/Crypto  - dropped to near the 95k level

 

New all time Highs:  DAL, UAL, CEG, LNG, VST, 

    ALL time Lows:  – CGC, 


Pops & Drops/5 day movers:,   -Pops:  FUBO,   Drops - IONQ, RGTI, QBTS, QUBT, QSI, SOUN, PCG, 

Earnings movers: .DAL WBA, rallied, KBH dropped    

**Percent of S&P 500 stocks above the 50 day Moving Average: dropped again, from 22.7 down to 16.1% -weak market!


This week:     …


Mon

Tue

Wed

Thu

Fri

Earnings

KBH


GS, JPM, WFC, BLK, C, 

BAC, MS, TSM, UNH, 

RF

Events


PPI

CPI





Markets:

The indexes -now below the big Fed drop.



SPX: Dropped below the support line from last week 

Further drops could take us back to the Jul high -small-caps are already below that level




Stocks last week 




Sectors last week -Energy was the winner for a 2nd week!





Market concerns:   Inflation? Wars? Debt?  Anything?

Now over $36.3  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:



Long-term Rates move up, Dollar moves up





12/05 China's 10-Year Note Yield is now below 1.60% for the first time in history.





SECTOR TRACKER 2024




Links...

10yr Interest Rates
Labor Force Participation Rate
U.S. Initial Jobless Claims
ETFs performance - Ranked by  Volume
 S&P 500 Sector performance

Top 100 Stocks

 Commodities / Futures
 Crypto   Crypto News
Largest Companies by Marketcap

News
Dow tumbles nearly 700 points Friday as strong jobs report casts doubt over Fed’s rate-cut path

U.S. payrolls grew by 256,000 in December, much more than expected

Market Cap Concentration hits highest level since the Great Depression

Netflix (NASDAQ:NFLX) Shares Down 4.3% After Analyst Downgrade

Quantum stocks like Rigetti plunge after Nvidia's Huang says the computers are 15 to 30 years away

UK Assets Are a Train Wreck (vid)


Crypto/Blockchain:  

Coinbase Plans Tokenized Stock Launch on Base for US User

Tokenization Will Make One-Click Payments Explode by 2026

Ripple Adopts Chainlink Standard for Better Stablecoin Pricing Data

Aptos Adopts Chainlink Standard for Secure Data Feeds


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 


Dec 2024


24/7 Wall St.

Fear & Greed Index
Top 100 stocks to buy  

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