Outlook: The market broke for the first time since the mid-October rally. It's pretty much at a support level here so we could see a bounce next week, especially since its expiration week which tends to have a bullish bias. Using Options, opportunities might exist in selling high volatility puts or put spreads.
New all time highs: AAP, ADBE, BKW, THI, DAL, HUM, ORLY, TJX, UAL
All time lows: ABEV, AU, PWE
Pops: ADBE, LULU, Drops:
Next week: Economic reports,
Earnings: FDX, NKE, ORCL
This week's charts:
S&P 500 -
10yr Interest Rates
Labor Force Participation Rate (10 year chart)
Commodities/Futures (charts):
Crude Oil dropped again, closing near $57.80 -looks like it's still dropping further
10yr Interest Rates
Labor Force Participation Rate (10 year chart)
Crude Oil dropped again, closing near $57.80 -looks like it's still dropping further
The 30 year Bond rallied, closing near 145.18
The US Dollar dropped, closing at 88.34
NEWS:
Dow drops 300 points as US stocks plunge
Week Ahead: FOMC Minutes and Fed Speeches
Louise Yamada: Here’s how far the S&P will fall
IBD 50: Growth Stocks Fight The Fight In Weak Tape
The Biggest U.S. Tech IPO Of The Year Went Nuts Today
The silent crash in commodities—a warning sign
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