Stock Market Weekly update -Feb 8

The S&P 500 ended mostly flat again last week, though again with large up & down swings, as AI, Software stocks, and Crypto sold off, but then saw a huge recovery on Friday with the DOW rallying 1200 points to close above 50,000 for the first time! However the NASDAQ was down for the week. AMZN, AMD, QCOM, PYPL, & PLTR dropped on earnings. MSFT & NFLX dropped for yet another week. KO, PEP, WMT, AMGN, CAT, & XOM rallied again (mostly Dow stocks). Next week we have a number of economic reports that could affect the markets.

Bitcoin drops 15%, briefly breaking below $61,000 as sell-off intensifies, doubts about crypto grow

US job openings fall to 6.5 million, fewest since 2020, as labor market remains sluggish

The week ahead:

5th week of Earnings -

Delayed Monthly Jobs report

PPI & CPI

Schwab Weekly Trader's Outlook

Edward Jones recap

The 10 year Interest rate -mostly flat at 4.21%

The Dollar - up slightly to 97.68

Gold - down a bit to $4967

Oil - down a bit to $63.49

Bitcoin - crashed to 60k and recovered to around 70k

National debt $38.7 Trillion

New all time Highs: WMT, CSCO, KO, JNJ, AMGN, XOM, CAT, TRV, -all DOW stocks! GILD, DAL, CSX, GLW, ADI, TER, and more…

-ALL time Lows:

Pops & Drops/5 day movers:, Pops:, , Drops: ,,

Earnings movers: Pops: AMGN, PEP, Drops: AMZN, AMD, QCOM, PLTR, PYPL

% of S&P 500 stocks above the 50 day MA: up from 65% to 68%

This week	Mon	Tue	Wed	Thu	Fri
Earnings	ON	HOOD, KO, CVS, GILD, NET, SPOT	APP, CSCO, VRT, MCD, SHOP	COIN, AEM, ABNB, AEP, ANET, AMAT, VRTX	WEN
Events			Jobs report	PPI	CPI

The indexes: Holding near all time highs

SPX SPY - uptrend slowing?

2/01: Chicago Fed National Financial Conditions Index

2025 stocks performance -since the April lows

Stocks last week - Bad week for Tech

Sectors last week -

Market concerns: Inflation? Debt? anything…?

Options watch: High IV (Implied Volatility) stocks -link

High Options volume:

ETFs	SPY, QQQ, IWM, SMH, VIX -also SPX index
Stocks	Mag7 & others (most active link, or here)

More charts:

Sell MSFT & buy Coke, WMT! 🙂

NASDAQ 2/01: -we could be looking at a double top here

XLP -Consumer Staples all time high

XLP -top holdings

XLI -Industrials -all time high

XLI -top holdings

Software has been selling off. Back down to the April 2025 lows & below the 2021 highs!

NFLX-continues to dump, now below the April 2025 tariff lows

Also MSFT & ORCL

GLW!

Japan

S&P 500 Total Percent Returns calendar

Name		Feb 2025	04/27	06/30	01/04/26
Solana	SOL	192.00	149.30	149.60	134.50
Chainlink	LINK	18.35	14.48	13.28	13.40
Uniswap	UNI	9.60	5.57	6.98	5.90
Sui	SUI	3.45	3.55	2.77	1.70
Ondo	ONDO	1.32	0.95	0.75	0.44
Avalanche	AVAX	-	-	-	14.00