All time lows: -
Pops: Drops: HTZ
Next week: Economic reports,
Earnings:
| Market Commentary |
We are at the upper end of the recent rally, so we could see a turn next week. The DOW and the S&P500 are hitting all time highs, while the VIX is hitting lows. Stick with the trend if you are a trend trader, look for a reversal if you are a contrarian. This market has been very resilient, so a 'long' bias would probably work in your favor.
If you are an Options trader, because of the low Volatility, this is a good time to do Calendar Spreads.
If you are an Options trader, because of the low Volatility, this is a good time to do Calendar Spreads.
This week's charts:
S&P 500 -rally mode -all time highs!
10yr Interest Rates -dropping
Labor Force Participation Rate (10 year chart)
Commodities/Futures (charts):
Crude Oil was down a bit, closing at 102.66 -holding above $100
Natural Gas was up, closing at 4.71
Gold was down, closing at $1252
The 30 year Bond dropped, closing near 135.37
10yr Interest Rates -dropping
Labor Force Participation Rate (10 year chart)
Commodities/Futures (charts):
Crude Oil was down a bit, closing at 102.66 -holding above $100
Natural Gas was up, closing at 4.71
Gold was down, closing at $1252
The 30 year Bond dropped, closing near 135.37
The US Dollar was unchanged, closing at 80.43
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ECB getting closer to Fed-style stimulus
US job market recovers losses yet appears weaker
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