When you look at a daily chart of the S&P 500, the 200MA is sloping in a downward direction, so I expect to see more downside action this year. For the next week, we could see the rally continue a bit longer.
And the Debt Clock is showing that we have now crossed $19,000,000,000,000!
FB had a big rally after blowing away earnings estimates!
UA and MSFT also popped after earnings
MCD hit an all time high this week!
AMZN dropped after earnings, as did AAPL and BA
All time lows: FDC
Pops: FB, MSFT, UA Drops: AMZN, AAPL
Mergers/Deals:
Next week: Economic reports, More Earnings next week... Monthly Jobs report on Friday
Earnings:
MON -GOOGL,
TUE -CMG, GILD, PFE, XOM, YHOO, UPS
WED -GM, GPRO, YUM
THU -COP, DNKN, LNKD
FRI -TSN
TUE -CMG, GILD, PFE, XOM, YHOO, UPS
WED -GM, GPRO, YUM
THU -COP, DNKN, LNKD
FRI -TSN
This week's charts:
AAPL vs. GOOG (1 year chart)
S&P 500 -we bounced off the August low...
CBOE VIX
10yr Interest Rates -
Labor Force Participation Rate (10 year chart)
Fear & Greed Index
Commodities/Futures (charts):
Crude Oil dropped, then bounced closing near 33.74
10yr Interest Rates -
Labor Force Participation Rate (10 year chart)
Fear & Greed Index
Natural Gas was up, closing near 2.30
Gold rallied, closing near 1118
The 30 year Bond was up yet again, closing near 161.31
The US Dollar was up a bit, closing near 99.61
NEWS:
Why 2016 keeps getting uglier for US economy
Mohamed El-Erian warns about a day of reckoning
It’s official: A lost decade for the US economy
Why Stocks Fell: It’s not Oil, China or the Fed
Apple Says Sales of iPhones Have Slowed
Amazon Plunges After Missing Q4 Revenue, Earnings...
Cramer's game plan: Don't get cocky next week!
Default danger for US high yield in 2016
Top asset manager hit with $13B outflows
Bank of Japan shocks markets by adopting negative interest rates
A China bank contagion could blow up global markets
China's currency becomes the target of speculators: WSJ
IDC REPORT : 1.4 BILLION SMARTPHONES WERE SHIPPED IN 2015
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