Stock Market Weekly update -Mar 23
The selling in the SPX paused last week, with an attempted recovery now running into resistance at the Jul high. The Nasdaq100 is still well below the Jul high. TSLA attempted a recovery for a 2nd week. FDX & NKE both dropped after reporting earnings. Gold closed at another weekly all time high, now over $3000! The Fed left rates unchanged -no market reaction.
-The SPX is chopping around near the Jul high, and still under the 200day Moving Average. I’m still looking for a bounce from this area, tho we could continue to chop first.
The 10 year Interest rate -flat at 4.25%
The Dollar -up a bit to 104.15
Gold - rally to $3023
Oil -up a bit at $68.25
Bitcoin/Crypto -up a bit, near the 85k level
New all time Highs: CAH, ED, CBOE, ICE, L, MCK, ALL time Lows: - XRX,
Pops & Drops/5 day movers:, Pops: Drops - SRPT,
Earnings movers: Pops: Drops:,
Percent of S&P 500 stocks above the 50 day Moving Average: up slightly from 32 to 33.2%
Markets: The indexes are trying to recover from the 4 week drop…
SPX - now trying to get back above that Jul level
Stocks last week -
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)
More charts:
03/09: Mag7 -all are at or below the Jul 2024 high, except for META (link)
NKE -running the wrong way! (5 year chart)
03/16
03/16
S&P 500 Total Percent Returns calendar
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
Commodities / Futures
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News
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Google to buy cybersecurity firm Wiz for $32 billion in the biggest deal in company’s history
Crypto/Blockchain:
Tether’s US treasury holdings surpass Canada, Taiwan, ranks 7th globally
Bitcoin ‘in position’ for first key RSI breakout in 6 months at $85K
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
Fear & Greed Index
Top 100 stocks to buy
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