Stock Market Weekly update -Sep 20
We pulled back a bit in the indexes last week, except for the Nasdaq. All have been trending down for the past 5 weeks. The Semis have been mostly trending down since the June all time high. AMD had a nice rally though, as did Bitcoin. Crypto Altcoins are also seeing huge rallies (pic below)! META rallied for a 4th week, and MPC, VLO, and PSX continued their multi-month rally from January! MCD has been trending down for 7 months now.
Oil closed at around $100 again, after hitting $106. And the Fed raised Interest Rates by .25 points for the first time in 3 years.
The week ahead could be a quiet one -no major events -watching Oil prices & Interest rates.
Dow falls Friday and posts worst week since March as Treasury yields rise
The SEC Greenlights Tokenized Stocks... With Caveats
Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’
10 year Interest rate - trending up since Feb, now at 5%
US Dollar - up a bit at around 100.21
Gold - up a bit at around $4377
Oil - rallied to around $105 again but closed at $95.46
Bitcoin - rallied to around 81k
National debt, …also here -around $40.18T
New all time Highs: DELL, NET, VLO, MPC, PSX, PURR, …short list again!
-ALL time Lows: WU
Pops & Drops/5 day movers: Pops: USDE, PURR, TEM , Drops: BAC
Percent of S&P 500 stocks above the 50 day MA: Dropped again from39% to 28% -dropping since July
The Markets: Trending down a bit over the past 5 weeks…
Expected SPX move for the week ahead (based on Options): + -85
SPX SPY weekly - stalling? Attempting to recover from the weekly downtrend.
On a weekly basis we’re seeing lower highs and lower lows for 5 weeks now.
Interest rate (10yr) -after moving higher, now holding pretty much at 5%
Options watch: High IV (Implied Volatility) stocks -link
Smaller size Futures contracts:
CME Group to Expand Retail Access to Four Leading Benchmarks with E-nano Equity Index Futures
1-Ounce Gold (1OZ) futures are now trading 24/7 (specs)
More charts/Data:
Crypto Altcoins showing huge gains recently!
TWST -Twist Bioscience Corp
ARKG -ARK Genomic fund rising
STLA… so much for this Auto company -Jeep, Dodge/Ram, Fiat, Alfa Romeo, etc
ZCSH: 24x from the bottom -Bitcoin alternative with better performance!
A Zcash ETF Launched in August Now Accounts for a Third of All Crypto ETF Trading
Paradigm Labels Zcash a “Private Complement to Bitcoin.” What’s the Implications for Both Coins
WU… so much for Western Union!
S&P 500 Total Percent Returns calendar
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!
09/06/26 -finally getting some traction
Links...
Top sites
Stocks/News:
Dow, S&P 500 post weekly losses as 10-year Treasury yield hovers near 5%
Fed raises rates to 4% in first hike since 2023 as inflation remains elevated
Bank of Japan raises rates to 1.25%, highest since 1995
Robinhood CEO wants the company to be more than a trading app. Here’s how he plans to do it
Sandisk Joins the S&P 100 on Monday -- the Same Day Nike Leaves It
Kalshi launches gold and silver perps after CFTC approval
Wendy’s franchisee files for Chapter 11 bankruptcy protection as burger chain struggles
A Crisis Is Looming Large as Nearly 50% of Americans Are Entering Retirement With Nothing Saved
Crypto/Blockchain: -Global Market Cap: Now around $2.7 Trillion
Bitcoin is back at $80,000 as rest of crypto joins the rally
Solana Rose 10% and Bitcoin 5%: Is the Rotation Into Altcoins Starting?
CFTC Sends Proposal To Regulate Crypto Transactions Following Clarity Act Fail
"No Blockchain Can Handle $4.7 Quadrillion." DTCC's Answer: Use Three
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