Stock Market Blog -Nov 16th

The market was pretty much flat all week, though AAPL and AMZN rallied. Gold also rallied, while Oil dropped. The equity market may be getting tired here after this monster rally for the past month. We get earnings from a couple of retailers this week.

Implied Volatility in BABA is still high, so selling Credit Spread options might make sense here, in anticipation of a drop in IV.

And our National Debt is quickly approaching the $18 trillion mark -thats $18,000,000,000,000!
(see clock on the left)


New all time highs:   AAPL, ADSK, BRK.B, COST, CVS, GMCR, JWN, MAR, RHI, RCL, SYF, UAL, WMT
All time lows:   ANGI
Pops:        Drops:    , 
Next week:  Economic reports,   Fed minutes...
Earnings:     HD, TGT, BBY

This week's charts:
S&P 500 -hanging near all time highs!
10yr Interest Rates
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil was down again, closing at $75.48 -heading under $70?
Natural Gas was down, closing at 4.15
Gold was up, closing at 1185 -still under $1200!
The 30 year Bond was up, closing at 142.19
The US Dollar was down slightly, closing at 87.40

NEWS:
The surge is over, but this is what's up next for stocks
Oil prices collapse as OPEC stands back, while US booms


Posted by 123Trader

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