Stock Market Weekly update -Mar 16

 The selling continued for a 4th week, taking the SPX below the Jul high, before recovering a bit on Friday to close near 5639. AAAPL took a big tumble too, now well below its Jul high, while MSFT & NVDA are way below their Jul highs -all DOW stocks. Gold closed at all time highs, as the Dollar dropped some more!


The market is still at a potential support level (just below the Jul high), and also just under the 200day Moving Average, so we could see a further bounce from here (note that the Small-caps are down for a 5th week, way below the 200MA, and near the Jul 2022 high -not the 2024 high!) 


This week:  Schwab Weekly Trader's Outlook

Edward Jones recap

Fed meeting

 NVDA conference

VIX Futures expiration, Options March expiration


The 10 year Interest rate -flat at 4.31%

The Dollar -dropped a bit to 103.73

Gold - big rally to $2984

Oil -flat at $67

Bitcoin/Crypto  -mostly flat, just under the 84k level 

 

New all time Highs:  WPM, ERJ,     ALL time Lows:  -TLRY, IRBT,    

Pops & Drops/5 day movers:,   Pops:  GRPN, INTC, QUBT, RGTI, IONQ, RDFN,   

   Drops - AAL, TTD, KSS,

Earnings movers:  Pops QBTS    Drops: ADBE, IRBT 

Percent of S&P 500 stocks above the 50 day Moving Average: dropped further from 46.71 to 32%

  …

This week

Mon

Tue

Wed

Thu

Fri

Earnings



GIS

FDX, NKE, MU

CCL, NIO

Events

Retail Sales 

VIX Futures expiration

Fed

Home sales

Options expiration


Markets:  The indexes -SPX dropped for a 4th week…



SPX - we broke below that Jul target level 



US Dollar -Stocks following the Dollar? See SPX chart above…

 




Stocks last week -ugly week, exc for NVDA




Sectors last week 




Rotation away from Tech?





Market concerns:   Inflation? Wars? Debt?  Tariffs?

Now over $36.6  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:



03/09:  Mag7 -all are at or below the Jul 2024 high, except for META (link)




03/09: Small-caps above the 50MA -approaching the Oct 23 levels







Back to July 2024!





S&P 500 Total Percent Returns calendar



Name


Price

Solana

SOL

192.00

Chainlink

LINK

18.35

Uniswap

UNI

9.60

Sui

SUI

3.45

Ondo

ONDO

1.32


Feb:   5 Cryptos to watch in 2025


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 pops more than 650 points in relief bounce Friday, but still posts worst week since 2023

U.S. consumers are starting to crack as tariffs add to inflation, recession concerns

Redfin Stock Soars After Rocket Announces $1.75 Billion Acquisition

Russell 2000: Triple Spike Low Signals a Tradable Bottom

CRISPR Eliminates Targeted Tumors by 50 Percent

RON BARON SAYS — $TSLA ROBOTAXIS WILL MAKE $50,000 PER CAR IN REVENUE 

Crypto/Blockchain:  

Crypto trading volume slumps, signaling market exhaustion

Forget Solana, XRP may flip Ethereum first amid 5-year high

Thailand Approves USDT, USDC for Trading On Crypto Exchanges

Top US Regulator Gives Banks Greenlight To Engage in Crypto and Stablecoin Activities

BNY Deepens Relationship With Stablecoin Company Circle

US housing dept mulls blockchain, stablecoin to pay and monitor grants


MiCA delivers stablecoins with critical regulatory oversight


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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