Stock Market Weekly update -Aug 30

 We rallied up a bit in the indexes after the prior week’s pullback, though the Small-caps, along with the Semis, pulled back for a 2nd week. CRM popped on earnings, while NVDA popped for one day then gave most of it back. Gold, Oil, and Bitcoin also pulled back. Inflation continues to trend higher as indicated by the PCE report. We could see a quiet week ahead maybe.

S&P 500 falls Friday after Fed’s Warsh highlights inflation worries, but index posts positive week

Fed Chair Warsh signals interest rate hikes are on the table if inflation does not retreat


The week ahead:  Jobs report, 

8th week of Earnings: AVGO..

Schwab Weekly Trader's Outlook  

Edward Jones recap


The 10 year Interest rate - down a bit to 4.72%

The Dollar -  up a bit to 99.68

Gold - dropped to $4453 

Oil - dropped to $83.45

Bitcoin  - mostly flat at around 78k 

National debt  Also here -crossed the $40T level!

 

New all time Highs:  FROG, MPC, VLO, -short list

  -ALL time Lows:   

Pops & Drops/5 day movers:  Pops:  CRM, OKTA, ANF, 

 Drops:   DKS, ROST, TJX, PYPL

Percent of S&P 500 stocks above the 50 day MA:   Dropped again from 58% to 53%



Mon

Tue

Wed

Thu

Fri

Earnings


CRDO, DELL, MEDT, MDB, PANW

AVGO, NTAP, SNOW

CPB, CIEN, ZS, LULU,


Events





Jobs report



The Markets: SPX Paused the slide from the prior week…



SPX  SPY weekly - stalling? We could see it pull back to the prior range highs.



SPX monthly -looks like we’ll be closing August with a nice Green bar!




Interest rate (10yr) -mostly a sideways range recently



Stocks last week - 



Sectors last week  -



Market concerns:   Inflation? Debt?  War, anything…? 

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

SPX expected move this week from 7675:  +-90

High Options volume:  

ETFs

SPY, QQQ, IWM, SMH, VIX -also SPX index

Stocks

Mag7 & others   (most active, or here)


More charts:    


SMH -the Semis could be forming an ABC pattern to the downside -2nd week down




PURR -Hyperliquid Treasury company (like BMNR)

4x from the lows in Jan



Uniswap  -Popular Crypto DEX showing signs of life along with other tokens…

2x recent gain




08/23 WMT -since the Double Top was pointed out in May!




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:  

Jobs report, Broadcom results pose next hurdles for stock market rally

Corn and wheat prices jump to highest prices in more than three years

Air Passenger Fares Jump 32% in Q1 FY27, Top Service Inflation in New Govt PPI Data

Schwab Announces Single Stock Futures, Giving Retail Traders a New Way to Express Views on U.S. Stocks Around the Clock

Retailers feel the sting as cautious consumers weigh their options

Nvidia revenue tops $96 billion as memory commitments soar to $160 billion

Nvidia discusses Perplexity investment at $30 billion-plus valuation

Microsoft Made $24.1 Billion From OpenAI in 2026…

Meta’s $18 billion settlement puts TikTok and YouTube on notice…

QBTS Stock Rises Premarket: BMO Hails D-Wave Quantum's 'Commercial Revenue', Sees 86% Upside

Venezuelan Oil Will Be Used to Refill US Reserve, Trump Says

'A glorious dawn launch': NASA's newest space telescope has left the Earth

Chinese automakers are following Tesla’s bet that robots are the next big profit machine

Crypto/Blockchain: 

  -Global Market Cap: Now around  $2.7 Trillion   Current Crypto prices
BTC Rejects $81,500 as Whales Build Massive Sell Wall at $81K

TRON Surpasses 400 Million Accounts as Total Transfer Volume Nears $30 Trillion

Japan eyes blockchain for instant stock, government bond settlement, Nikkei reports


Archives ..pre 2020

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