Stock Market Weekly update -Oct 5
Last week the government shut down, and the S&P 500 moved to new all time highs, along with the Dow, Nasdaq, and the Small-caps, and the Semis! Expectations for a September pullback never materialized. Gold also closed at another all time high after rallying for a 7th week. Crypto rallied to new all time highs as well. The Megacaps are showing mixed signals as indicated below. What drives the markets next week? There isn't really anything significant, so possibly we could stay in a range? Mega Caps -Uptrending (Daily chart) -Downtrending (daily chart) AAPL NVDA TSM TSLA? AVGO? NFLX META AMZN GOOGL? MSFT? TSLA may have flipped last week. META has been trending down for 2 weeks The week ahead: Gov’t shutdown continues? Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate -down a bit to close at 4.12% The Dollar - mostly flat at 98.10 Gold - another big rally to around $3900, another weekly high! Oil - dropped to $61.80 ...