Happy Freakin’ Friday!!!
Tale of the Tape
Good evening, folks, and happy freakin’ Friday!!!
The Dow Jones Industrial Average dashed higher every day this week, closing at another all-time high. The Nasdaq was the only major index to finish in negative territory.
Real estate rallied 1.7% while utilities, industrials, and financials all flew 1%. Tech and communications tumbled.
Bitcoin and Ethereum continue to creep toward all-time highs. Will the cryptos crack record levels during the weekend break?? Place your bets…
Ford flew 4.4%, $GM gained 5.2%. Airbnb advanced 4.5%.
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Lordstown Motors dumped double-digits after Hindenburg Research issued a short sellers report. $RIDE tumbled 16.5%.
Here are the closing prints:
S&P 500 3,943 +0.10%
Nasdaq 13,319 -0.59%
Russell 2000 2,352 +0.61%
Dow Jones 32,778 +0.90%
Stock Charts
Weekly Candles
We had another wild week on Wall Street. The Dow dashed higher every single day, and real estate was this week’s strongest sector. Are we finally getting ready to reopen?? Time will tell…
Here’s the sector weekly performance:
And here are a few notable weekly charts:
Dow Jones Industrial Average surged every day this week. $DJIA dashed 4% for the week.
Financials flew 3.1% and closed at another all-time high.
Industrials inched 3.5% as $XLI continues to break out to blue skies.
Real Estate rallied 6%. It was $XLREs best week since June, 2020.
iShares 20-Year Treasury Bond tumbled 2% this week.
The Nasdaq-100 ETF $QQQ clapped back and cruised 2.2%. The Qs posted an inside week— to break out, or break down…? That is the question.
Bitcoin bopped near all-time highs. The crypto crept to 58K this week and is less than 2K from its all-time high.
Boeing bounced 20% and had its best week since June 2020 as well.
$JETS jumped 7.66% as the airline ETF continues to creep towards its pre-covid highs.
