Friday, May 12, 2023

May 8-12, 2023 Market Recap

May 12, 2023


The broad market took a breather today, the major US stock benchmark/ ETFs' closed in the red today, as the market starts to worry about US Debt Ceiling Limit talks to extend next week which heightens the anxiety of potential US Debt Default.

The Dow Jones Industrial sector has printed a 5th-day losing streak performance this week.  The Nasdaq took a pause on the rally today.

  • SPY  -.13%  DIA -.04%  QQQ -.36%






Notable Movers Today:



Technical Breakouts This Week:



























































May 11, 2023


The Technology sector continued to rally following yesterday's strong performance.

  • QQQ +.33%  SPY -.17%  DIA -.64%

Despite rally the meager moves of the US Major Benchmarks, there have been multiple rallies or technical breakouts on equities, specifically in the Technology sector and some biotechs' names.

  • GOOGL +4.31%  AMZN +1.81%  NFLX +2.78%  TSLA +2.10%  


Notable Earnings Mover:   DIS -8.73%

DIS earnings reaction 






May 10, 2023


In Today's trading session the Technology sector has exhibited strong performance, outperforming the S&P500, and Dow Jones Industrial, amongst the 3 major benchmarks, the Dow Jones is the weakest.

  •  QQQ +1.09%  SPY +.47%  DIA -.08%

The US Core CPI for April rose by 4.9% below forecast, this is the first sub-5 % reading in two years Consumer Price Index

Notable Stock Movers:
  • GOOGL +4.10%  AMZN +3.35%  SNOW +4.99%   ILMN +7.84%


 May 9, 2023


The US equities major  Benchmark/ ETFs performed timidly on Tuesday's trading session, this mark as the second timid day, as investors wait for the CPI print which is due tomorrow, and the highly dramatic DEBT ceiling stand-off in DC.

  • SPY -.44%  DIA -.13%  QQQ -.63%
PLTR notable earnings mover today



SEDG, ENPH, JKS, CSIQ, FSLR & TAN - continues to search for the bottom price
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