Stock Market Weekly update -Jul 19

 The S&P 500 & Nasdaq were down for the week, but still in a 7 week consolidation range since the 9 week rally, with the Nasdaq now showing more weakness. The Small-caps were down for a 3rd week. The Semis dumped again, after a brief pause the prior week. Oil rallied for a 2nd week, now over $80 again. The VIX also rallied from multi-year lows. We saw mixed reactions from the big banks after earnings, while SPCX hit an all time low and IBM dumped by 26%!

The week ahead could see more volatility in the Semiconductors.

S&P 500 closes lower, Nasdaq falls more than 1% as chip stocks suffer


The week ahead:  

2nd week of Earnings -GOOGL, TSLA, INTC…

Schwab Weekly Trader's Outlook  

Edward Jones recap



SOXL -Triple leveraged Semiconductor ETF has dropped by over 50% over the past 4 weeks



The 10 year Interest rate - mostly flat near 4.54%

The Dollar - dropped a bit to around 100.75

Gold - dropped to $4018 

Oil - rallied to $81.78

Bitcoin  - still holding up around 64k

National debt  ...around $39.4T 

 

New all time Highs:  AAPL, PANW, BAC, PNC, CSX, MNST, PM, TRV, AFL, MET, VLO, PSX, CAKE, RY, and more…

  -ALL time Lows:   

Pops & Drops/5 day movers: Pops:  PYPL   -Drops:  SNDK, IBM   

% of S&P 500 stocks above the 50 day MA:   Down from 68% to 63%



Mon

Tue

Wed

Thu

Fri

Earnings

DPZ

COF, MMM, CB, DHI, GM, 

GOOGL, TSLA, IBM, TXN, CME, CSX, NOW, 

INTC, BX, HON, HIG, LMT, NEM

AXP, NEE, 

Events








The indexes: SPX still chopping around since the 9 week rally high…


SPX  SPY weekly -  Pause or reversal? In ‘chop’ mode for 7 weeks now.




Stocks last week - Semis dumped again!



Sectors last week  -Energy  led the way again!



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:    


BNY -new all time high after reporting earnings last week



TRV -new all time high after reporting earnings last week



NFLX -dumped again after reporting earnings last week



IBM -dump of the week! 2nd month dropping too…

Now back near the March 2013 high!



MU 4 week pullback after a huge run! Down from 1250 to almost 800.



AAPL -this could turn into a double top from here 

07/19 -it didnt!



XLF -another potential double top candidate?



DPZ -reports earnings this week








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?

06/30/26 -still near recent lows!


Links...



Top sites


Stocks/News:

Big Tech earnings test tech's big rotation: What to watch this week

Here’s how much traders see Tesla stock moving after earnings

Palo Alto Networks Stock Has Doubled in 3 Months. Here’s Why the Rally May Be Far From Over.

Goldman Sachs raises price target on Robinhood ahead of earnings

Paychecks gone in a 'blink.' Rising costs on the minds of Americans

Foreclosures hit highest level since 2019, sparking interest from bargain hunters

QQQI Holders Left $7.63 Per Share on the Table While Chasing Monthly Dividends

Corporate Insiders are dumping stocks at the 2nd fastest pace

SpaceX Stock Is Now Well Below Its IPO Price.

TSMC Stock Slides Despite Crushing Q2 Estimates With Fifth Straight Record Profit

China is now leading the AI ​​race after spending ten times less of what the US did

 The wars continue…

Oil tankers face ‘worst case scenario’ in Hormuz as Iran steps up attacks on ships…

Russia pounds Kyiv in major ballistic missile attack

Crypto/Blockchain: 

  -Global Market Cap: Now around  $2.29 Trillion   Current Crypto prices
SWIFT just built its answer to stablecoins. It runs on bank money, not crypto.

Bank of America taps new leaders to bridge crypto, AI and traditional finance

Crypto.com lands $400 million investment from Citadel Securities at $20 billion valuation

The SEC plans to legalize token sales in July

Robinhood Roars, Coinbase Reorgs, and Ethereum Rakes in $1,538 – Week in Review

Canada Crypto Week Returns July 20–26, Celebrating the Future of Web3, Digital Assets and AI

Open USD poses new threat to Circle by challenging USDC’s core business model

Visa launching internal stablecoin platform for clients that provides access to OUSD

Stripe-PayPal deal could accelerate shift to blockchain-based money, Polygon exec says

USDC’s 72% surge exposed the expensive truth behind Circle’s stablecoin dominance


Archives ..pre 2020

Comments

Post a Comment

Popular posts from this blog

Stock Market Weekly update -Nov 16

Image
The market dropped for a 3rd week, tho it recovered a bit on Friday, just as it did the prior week! The AI bubble could be near exhaustion here. Small-caps again dropped & this time closed below the huge drop we saw on 10/10.  Crypto had another big drop for the week, with BTC dropping below 100k to around 95k. Gold rallied! The government shutdown finally ended last week, the CPI report was cancelled, while new odds of a Fed rate cut in December dropped quite a bit.  This week we get Nvidia's earnings report on Wednesday, along with some of the big Retailers. The week ahead:   NVDA earnings Earnings -6th week/ winding down    NFLX 10:1 stock split Options Expiration for November Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate -up a bit to 4.15% The Dollar - flat/down slightly to 99.27  Gold - rallied to around $4082. Oil - flat at around $59.94 Bitcoin   - dumped to around 95k  National debt $38.2 Trillion ...
Read more

Stock Market Weekly update -Aug 24

Image
  Another week, another weekly all time high for the SPX (barely), closing around 6466 after getting a big pop from the Fed speech at Jackson Hole on Friday. The DOW popped to a new all time high as well! Small-caps had the biggest pop but are still under the all time high. HD & LOW rallied for a 3rd week, as did the homebuilders(XHB).  Interestingly, the Nasdaq100 actually dropped last week! PLTR dropped 10% for the week. CRCL dropped for a 5th week. The Dollar dropped a bit on lower interest rate expectations.. The VIX dropped to a pretty low level as the market popped on Friday..   The week ahead:    PCE report Earnings  NVDA! Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate -down slightly to 4.26% The Dollar - down a bit to 97.73  Gold - up a bit to $3371 Oil - up a bit to $63.76 Bitcoin   - up a bit to 117k ish   New all time Highs :  GOOGL, FAST, CBRE, HIG, TRV, RY, STT, UBS, NVS, VITL,...
Read more

Stock Market Weekly update -Nov 2

Image
   The market gapped up to new all time highs again last week, but then gave up most of those gains, leaving a ‘weekly’ tail bar on the SPX chart, a possible exhaustion signal (chart below). Small-caps dropped for the week.  AMZN, GOOGL, & CAT popped after earnings, MSFT, META, CMG, & BA dropped. The Fed cut interest rates by .25% as expected.  Gold dropped for a 2nd week.  No Jobs report next week as the government shutdown continues.   Mega Caps Daily chart  -Uptrend -Downtrend Crypto AAPL NVDA TSM GOOGL TSLA AVGO  AMZN? MSFT? META -dbl top NFLX BTC -choppy ETH  -multiple week downtrend -needs to overcome 4000 SOL -downtrend? Choppy. Needs to get above 200. The week ahead:    Earnings -4th week - Gov’t shutdown continues? 6th week Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate -up a bit to around 4.10% The Dollar - rallied to 99.71  Gold - dropped again to close around $4002. O...
Read more