Stock Market Weekly update -Feb 9

 Another choppy week as we closed the SPX at a lower high and a lower low for a 3rd week, though the longer weekly uptrend is still intact. PLTR popped on earnings, while AMZN & GOOGL both dropped on earnings. NVDA, META & NFLX rallied. Financials rallied, and Long term interest rates dropped for a 4th week. WMT, COST, WFC, and Gold  rallied to new all time highs again. 

This week we get the important CPI/PPI reports, and we also hear from the Fed before Congress.


This week:  Schwab Weekly Trader's Outlook


The Fed speaks, CPI & PPI reports

Earnings week #5 


The 10 year Interest rate -dropped a bit to  4.48%

The Dollar -mostly flat 108.22

Gold - rallied to another new ATH  $2868

Oil -dropped again to $71.13

Bitcoin/Crypto  - dropped to around the 97k level 

 

New all time Highs: META, PLTR, CRWD, NFLX, WMT, BJ, FTNT, OKLO, HIMS, AJG, GS, JPM, MS, RDDT, YUM, SPOT,  and more…     ALL time Lows:  CHPT, SPCE, NKLA


Pops & Drops/5 day movers:,   Pops: ACB, BBAI, QNTM, OKLO,   ,   Drops - 

Earnings movers: PLTR, NET, AFRM, AMGN, BSX, LLY, YUM rallied 

- AMZN, GOOG, AMD, PYPL, MRK, EL. NWL dropped

Percent of S&P 500 stocks above the 50 day Moving Average: mostly flat from 50.7 to 49.50%


This week:     …


Mon

Tue

Wed

Thu

Fri

Earnings

MCD, VRTX

KO, SHOP, GILD, HUM, DASH

CVS, CME, VRT, TTD, HOOD, RDDT

AMAT, DE, ABNB, PANW, COIN

MRNA

Events


Fed

CPI

PPI




Markets:

The indexes -SPX is still chopping around near the all time highs



SPX: 




Stocks last week ±6% circled:



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:



WMT -better than tech?




NFLX -Lots of eyeballs 




F -no one is buying Fords?




UPS -continues to struggle







Coffee -continues to percolate to multi-year highs!










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 400 points lower Friday as inflation and tariff fears spur a sell-off

Big Tech set to invest $325 billion this year as hefty AI bills come under scrutiny

The age of robotics has arrived -- here are 15 names to watch

AMD outsells Intel in the datacenter for the first time in Q4 2024

Crypto/Blockchain:  

Ondo Finance launches RWA tokenization platform to bring stocks and bonds on-chain

Cosmos ecosystem becoming home for RWAs as Ondo Finance reveals new L1

Solana Network Expanding At Strong Pace – Metrics Show 5 Million+ New Addresses Created Daily

Utah House passes strategic Bitcoin reserve bill, awaits Senate vote

Coinbase Quietly Becomes a Banking Giant—Now Bigger Than Most US Banks

‘Last large fintech in the world’ Klarna to embrace crypto amid upcoming IPO

Biometrics, tokenization to replace credit card numbers by 2030


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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