Stock Market Weekly update -Feb 2

 It was an ‘up’ week, with a huge drop on Mon (DeepSeek AI news), followed by a huge recovery, then a drop on Friday as stocks dropped on the tariff news. The Fed Interest Rate announcement on Wed had little impact on markets.  AAPL popped on earnings, then flipped right back down to close lower, and is now lower than its July high. IBM popped, TSLA didn't move much, UPS , DECK, NOW dumped! NVDA dumped on the DeepSeek concerns, closing near $120, lower than its June high like AAPL GS, COF, WFC, JPM, V, WMT hit all time highs.  Gold rallied to yet another all time high.

**Sun night update -Nasdaq Futures dropped -600 points (2.75%), Small-caps down =3.25%
Could b a rocky week!

This week:  Schwab Weekly Trader's Outlook


Monthly Jobs report on Friday

Earnings week #4 AMZN, GOOGL, & more…


The 10 year Interest rate -dropped a bit to  4.57%

The Dollar -rallied to 108.50

Gold - rallied to another ATH  $2797

Oil -dropped again to $73.75

Bitcoin/Crypto  - dropped to the 100k level 

 

New all time Highs: GS, GOOGL, PLTR, WMT, WFC, FTNT, FOXA, CLS, CBRE, RCL, AEM, EAT, and more…      ALL time Lows:  –, 

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

Earnings movers: IBM, SBUX, RCL, TEAM rallied

Percent of S&P 500 stocks above the 50 day Moving Average: dropped a bit from 51.88 to 50.7%


This week:     …


Mon

Tue

Wed

Thu

Fri

Earnings

PLTR

AMGN, GOOGL, AMD, MRK, PFE, PEP, CMG, PYPL

DIS, BSX, UBER, QCOM, ARM, MSTR

AMZN, LLY, BMY, YUM, COP

CBOE

Events





Jobs



Markets:

The indexes -SPX is chopping around near the highs



SPX: We moved up & filled the big Monday gap-down from DeepSeek!

AAPL & NVDA are below their July high

AMZN, GOOGL, META, NFLX are at/near all time highs





Stocks last week -rough week for ‘some’ big tech stocks




Sectors last week 



Market concerns:   Inflation? Wars? Debt?  Anything?

Now over $36.4  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:



EAT -Food is doing well!!




JPM -Banks are doing well!!




CALM -Eggs are doing well!!





CVS -Drugs not doing well!









S&P 500 Total Percent Returns



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 closes 300 points lower Friday as White House says tariffs will start Saturday

Analysts reboot Microsoft stock price targets after earnings

Deutsche Bank profits collapse as German economy reels

Atlassian closes at highest since 2022 after reporting better-than-expected earnings…

Visa, Mastercard Notch New Record Highs With Earnings Beats

VOO Crushes Competition, Devours 25% of 2025 ETF Inflows

DeepSeek Upended Wall Street's Rosy View Of AI Stocks Like Nvidia. What That Means…


Crypto/Blockchain:  

Bitcoin Slips Below $100,000 As Network Activity Hits Yearly Low

Crypto Markets Shed $150B as Trump’s Trade War Hits China, Canada, Mexico 

BlackRock Buys Another $1,000,000,000 Worth of Bitcoin in a Week To Control 2.7% of BTC Supply

Coinbase files to list Solana and Hedera futures on its derivatives trading platform

Crypto Exchanges Bitstamp and Crypto.com Suspend USDT Services to Meet MiCA Rules

5 Real World Assets (RWA) Altcoins to Watch in February 2025

ChatGPT Lists 10 Altcoins That Could Grow a $1000 Portfolio to $171000…

Crypto exchange Kraken sees $1.5 billion in revenue in 2024

Tether reports $13 billion in net profits for 2024


Mastercard Sees Growth in Tokenization and Commercial Payments

…Miebach said that during 2024, the company tokenized 4 billion transactions per month, a rate that is 40 times higher than it was six years ago.

Visa is partnering with X to launch ‘X Money… 

Visa Tops 4.7 Billion Credentials, Logs 44% Growth in Tokens YOY

…“If you just look at eCommerce on tokenized transactions,” McInerney said during the call, “we have six percentage point higher approval rates. That [translates into] significantly higher sales for our merchant partners and 30% reduction in fraud rates, which is good for everybody in the ecosystem … Tokens have become one of our most important platforms for enabling innovation.”


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


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Fear & Greed Index
Top 100 stocks to buy  


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