Stock Market Weekly update -Mar 9

 The selling continued for a third week, taking the SPX down to the Jul high, a level that just recently seemed to be so far away! And the Nasdaq100 is now well below that Jul level. AMZN, NVDA, & TSLA continued to drop as well, also back down to the Jul high. NFLX saw a big drop. Financials dropped. However, MCD & YUM (KFC, Pizza Hut) hit all time highs! OIL prices dropped for an 8th week.

The market is at a potential support level (that Jul high), and also at the 200day Moving Average, so we could see a bounce from here (note that the Small-caps dropped below the 200MA three weeks ago but continued to drop further!). 



The 10 year Interest rate -up a bit to 4.32%

The Dollar -big drop to 103.90

Gold - up a bit to $2909

Oil -dropped again to $67

Bitcoin/Crypto  -rallied, then dropped to near the 84k level 

 

New all time Highs:  MCD, YUM, BJ, KR, CHKP, AZO

  ALL time Lows:  -CGC,,    

Pops & Drops/5 day movers:,   Pops: Gold miners,    Drops - HIMS, BBAI, VSCO,  

Earnings movers: BJ, OKTA popped,   COST, MRVL, CRWD, BBY, MDB dropped

Percent of S&P 500 stocks above the 50 day Moving Average: dropped from 53.67 to 46.71%


This week

Mon

Tue

Wed

Thu

Fri

Earnings

ORCL

DKS

ADBE

DG, WPM

LI

Events


CPI

PPI





Markets:  The indexes -SPX dropped for a 3rd week…


03/02 SPX: chopping around for the past few months



03/09 SPX -looks like we did drop to that target level last week!



Nasdaq -now below the Jul high, giving back a lot of gains

*We could see a bounce this week tho

 



Stocks last week -ugly week




Sectors last week -Financials led the way down!




Rotation away from Tech?





Market concerns:   Inflation? Wars? Debt?  Tariffs?

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:



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




Hot Stocks from 2024 Have Grown Cold (link)





Small-caps above the 50MA -approaching the Oct 23 levels






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

S&P 500 closes higher in volatile trading Friday, but index posts worst week since September

US employers cut more jobs last month than any February since 2009

Walgreens is going private in an up to $24 billion deal

Streaming and texting on the Moon: Nokia and NASA are taking 4G into space

Crypto/Blockchain:  

Tokenized Real Estate - The Future of Property Investment

Swift Adopts Hedera Tech Across Three Continents

PancakeSwap Hits $1 Trillion in Trading Volume, a 3-Year High

Telegram Mini App with millions of users migrate to Solana

Nasdaq Files for Proposal To List and Trades Shares of Grayscale Hedera (HBAR) Trust

Memecoin market crashes 56% since December peak amid fading hype

Launch of TRUMP and MELANIA Marked the Memecoin Top, According to CoinGecko

SEC says most meme coins are not securities


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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