Stock Market Weekly update -Apr 13

 We saw ‘a nice recovery’? about half way back up from the prior week’s drop, tho with a lot of volatile moves! The Nasdaq and DOW dropped to the Nov 2021 highs before recovering! On Wed alone, the Nasdaq reversed, and rallied more than 10% as Tariffs were postponed for 90 days. ‘Michigan Consumer Sentiment’ dropped again.


Long term rates also rallied, which is interesting, but the US Dollar dropped, which is also interesting, given that rates went up!! The Dollar broke multi-year support levels going back to 2023, and is also flirting with the Mar 2015 high of around 100! Gold rocketed higher to close near $3236.

Markets are closed for Good Friday!


04/06:  Hedging against losses…

How? If you got ahead of the tariff announcement on Monday Mar 31st using an Inverse ETF like SQQQ (SPXS, SOXS, etc), it was up approximately 30% that week!




This week:  Schwab Weekly Trader's Outlook

Edward Jones recap

April Options Expiration on Fri, VIX Fut on Wed

Bank earnings & others …NFLX


This week: 2nd week of earnings reports.  The market is still very volatile so caution is advised.


The 10 year Interest rate -HUGE rally after the prior week’s drop, now at 4.50%

The Dollar -big drop to 99.78

Gold - HUGE rally to $3236

Oil -dropped again to $61.43

Bitcoin/Crypto  -dropped to 75k, then rallied  to near the 84.5k level 

 

New all time Highs:  AEM, WPM, RGLD, TJX,   ALL time Lows:  - 

Pops & Drops/5 day movers:,   Pops:  -HOOD, AVGO, NEM, AEM,  Drops:  

Earnings movers:  Pops:        Drops:, 

Percent of S&P 500 stocks above the 50 day Moving Average: up from a low of 11.3% to 19.48%


This week

Mon

Tue

Wed

Thu

Fri

Earnings

GS

BAC, C, PNC, JNJ, UAL

ASML, ABT, USB, TRV, CSX

NFLX, TSM, AXP, SCHW, STT, UNH


Events





Good Friday



Markets:  The indexes -trying to recover



Prior week’s chart (daily)


SPX last week  - nice bounce (weekly chart) 

-possible continuation this week




VIX -we saw a HUGE spike in the Vix last week, similar to Aug 2024!






Source: FactSet, Edward Jones. Past performance does not guarantee future results. An index is unmanaged, cannot be invested into directly and is not meant to depict an actual investment.




Stocks last week -lots of green!




Sectors last week -





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:




04/06: JBLU -flying very low! (15 yr chart)





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 2025:   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 jumps 600 points Friday, capping one of the most volatile weeks on Wall Street ever

Dollar Extends Drop to Fresh 2025 Lows as Tariff Saga Rolls On

Crypto/Blockchain:  

SEC Allows Options Trading on Spot Ethereum ETFs Including BlackRock, Grayscale and Bitwise

FDIC Clears Crypto Runway With New Blockchain Policy Shift

US to get its first XRP-based ETF, launching on NYSE Arca

Killing the IRS DeFi Rule Is an Industry Win — But It’s a Temporary One

MANTRA's OM Token Crashes 90% Amid Insider Sell-Off Allegations


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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