Stock Market Weekly update -May 10

 We got a 6th week up, and the 4th week of all time highs! Not only are we getting higher weekly closes, but the moves are huge. ‘Semis’ are mostly driving the market higher, with close to a 60% move up from the March lows, driving the Nasdaq up around 25% in 6 weeks. INTC is up almost 200%, AMD & MU are up over 100%. AAPL moved to a new all time high. MCD continued its weekly drop, helping to put pressure on the DOW.  Bitcoin was up for yet another week, crossing the 80,000 level.  The monthl;y Jobs numbers came in better than expected, while Consumer Sentiment declined to a record low. 

S&P 500 closes at another record, notches longest weekly winning streak since 2024

Alphabet’s 160% rally in a year reflects value of owning ‘most of the stack’ in AI


The week ahead:   CPI & PPI

5th week of Earnings - 

Schwab Weekly Trader's Outlook  

Edward Jones recap


The 10 year Interest rate - up slightly to 4.37%

The Dollar - down slightly to 98.02

Gold - up a bit to $4718

Oil - dropped to $94.65

Bitcoin  - up a bit to around 80k

National debt  $39.2T 

 

New all time Highs:  GOOGL, AAPL, INTC, CSCO, AMD. MU, SNDK, GLW, AMAT, DELL, RKLB, and more  -ALL time Lows:   

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

Earnings movers:  Pops:  AMD, FTNT, DDOG, RXT, FLEX  -Drops:  ANET, FSLY, SHOP, MCD

% of S&P 500 stocks above the 50 day MA:  down from 55% to 52%


This week

Mon

Tue

Wed

Thu

Fri

Earnings

ASTS, B, CRCL, CEG, SPG

FNV, JD, OKLO

CSCO, BABA, USAR, NBIS

AMAT, 

XPEV

Events


CPI

PPI

 



The indexes:  6th weekly rally!


SPX  SPY  -  6th week up, to new  all time highs!

Will we get a 7th week up? 






Stocks last week - …Tech & Semis had a great week!



Sectors last week  -




Market concerns:   Inflation? Debt?  War, 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:    


MU continued to rocket higher!  



SNDK continued to rocket higher!  





Spirit Airlines shuts down after failing to reach a bailout deal, ending discount travel era



04/19








S&P 500 Total Percent Returns calendar  


Name


Feb 2025

04/27

06/30

01/04/26

03/01

Solana

SOL

192.00

149.30

149.60

134.50

84.00

Chainlink

LINK

18.35

14.48

13.28

13.40

8.80

Uniswap

UNI

9.60

5.57

6.98

5.90

3.75

SUI

SUI

3.45

3.55

2.77

1.70

0.90

ONDO

ONDO

1.32

0.95

0.75

0.44

0.26

Avalanche

AVAX

-

-

-

14.00

9.00

Feb 2025:   5 Cryptos to watch in 2025, 2026

10/12/25:   Added AVAX, 11/23 This recent dip may be a good opportunity to buy/add

02/15/26: Buy the dips here?


Links...




Top sites


Stocks/News:

U.S. added 115K jobs in April, nearly doubling expectations

Call option volume in the S&P 500 spiked to a record $2.6 trillion in notional value on Wednesday.

Amazon opens up logistics network to other businesses in challenge to UPS, FedEx

Global debt hits record of near $353 trillion, with signs of move away from US

Hertz is listing 8,000 used cars on eBay as buyers ‘starve for deals.

Crypto/Blockchain: 

  -Global Market Cap: Holding up around  $2.8 Trilllion   Current Crypto prices

Toncoin Jumps 32% in 24 Hours as Pavel Durov Pushes Telegram Deeper Into TON

Bitcoin stays bullish above 21-MA as altcoins flash danger signs

Ondo, JPMorgan, Mastercard and Ripple Team to Settle Tokenized Treasuries on XRP Ledger

Solana and Google Cloud Launch Stablecoin Payments Service for AI Agents

Zcash Targeting Post-Quantum Crypto Milestone by 2027


Archives ..pre 2020

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