Stock Market Weekly update -May 11
The SPX was mostly unchanged last week, tho we saw some ups & downs closing at around 5660. The Fed left rates unchanged, and we also got a tariff deal with the UK which boosted markets a bit. Bitcoin finally rallied back over 100K, reaching 105k over the weekend!
This week: We’ll get another round of CPI & PPI reports. Also the indexes could see some resistance here at the 200 day moving average.
The 10 year Interest rate -mostly flat, now at 4.38%
The Dollar - another small rally to 100.42
Gold - rallied to $3326
Oil -rallied to $60.99
Bitcoin/Crypto -big rally after a 4 week move up, now near the 103k level
New all time Highs: ICE, DUOL, MNST, ALL time Lows: OPEN, DNUT,
Pops & Drops/5 day movers:, Pops: ASST, SKX, Drops:
Earnings movers: Pops: DIS, GRPN, QBTS, LYFT, TTD, TOST, MELI Drops: ,
Percent of S&P 500 stocks above the 50 day Moving Average: up from 56.25 to 60.83%
The indexes are at a decision level here… CPI could tell us where we go next.
SPX - Back at the Jul high after dropping way below it
-could now run into resistance here.
We’re also at the 200MA and will need to get above it.
Stocks last week -Healthcare was weak
Sectors last week -
Market concerns: Inflation? 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:
NFLX -could be topping out here after a huge run (MACD)
03/08: Berkshire's cash pile keeps growing
S&P 500 Total Percent Returns calendar
Feb 2025: 5 Cryptos to watch in 2025
Apr 20, 2025
Links...
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U.S. Initial Jobless Claims
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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)
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Ethereum ( $ETH ) & $SUI trail
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