Stock Market Weekly update -Mar 2

 Last week we saw non-stop selling until the final hours of trading on Fri, when we got a huge spike up.  The S&P500 dropped to the bottom of the range where it has been stuck for the past few months, before recovering a bit, late on Friday. Big tech continued its drop from the prior week. NVDA dropped as well, even after reporting great earnings. V, MA, and BRK.B broke out to all time highs in spite of the market drop! Bitcoin also had a big drop below 80k before recovering a bit on Friday, which happened to be the Futures & Options expiration day for BTC!  Long term Interest rates dropped for the week as well.

This week we could see choppy price action again, with tariff, inflation, and growth concerns still lingering, and with the upcoming Jobs report on Friday.



The 10 year Interest rate -dropped again to 4.23%

The Dollar -rallied to 107.56

Gold - dropped from the ATH at $2956

Oil -dropped again to $69.92

Bitcoin/Crypto  - dropped to close near the 84k level 

 

New all time Highs:  AJG, ABBV, V, NI, AON, BRK.B, BRO, PGR, MMC, ICE, WM, YUM, ORLY, AZO, RTX, and more!

  ALL time Lows:  -TLRY,,    

Pops & Drops/5 day movers:,   Pops: ,    Drops - APP, LCID, SMCI 

Earnings movers: 

Percent of S&P 500 stocks above the 50 day Moving Average: mostly flat  52.08 to 53.67%


This week:     …


Mon

Tue

Wed

Thu

Fri

Earnings

OKTA

TGT, BBY, ROST, AZO,  CRWD

ANF, FL, MDB, ZS, MRVL

JD, M, BJ, CPB, AVGO, COST, 


Events

ISM manufacturing

Tariff day?



Jobs report



Markets:  The indexes -dropped for a 2nd week…


SPX: chopping around for the past few months





  Small-caps  -already below the Jul high





Stocks last week -NVDA & TSLA led the way down!




Sectors last week -Tech was the laggard last week 🙁



Market concerns:   Inflation? Wars? Debt?  Anything?

Now over $36.5  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:


TSLA continues to breakdown from the ATH top seen in Dec 




NVDA -despite stellar earnings for multiple quarters, its now below the post-split high seen in Jun 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, S&P 500, Nasdaq rally to cap volatile week, losing month

Jobs report, crucial retail earnings kick off March trading for investors: What to know this week

U.S. Credit Card Defaults soared to $46 Billion, the most since the aftermath of the Global Financial Crisis

Regional Fed bank sees negative growth rate in first quarter, first contraction in three years

Block’s 28% plunge in February leads fintech sell-off, while Stripe shows benefit of staying private
Robinhood’s surprise 700% crypto sales surge drives analysts to rip up targets


Crypto/Blockchain:  

Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more

Bank of America CEO Says Bank Will Likely Launch Its Own Stablecoin

CME Group to Launch Solana Futures as Demand for Crypto Derivatives Grows

5 Altcoins to Achieve American Dream as US Senator Confirms Cryptocurrencies Are Not Securities

Coinbase-backed Base unveils upgrades aiming for double Solana's speed

Crypto shows how powerful tokenizing private stocks would be

Swift Partnership Opens $150T Market for Hedera


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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