Stock Market update -Feb 14th

Stocks dropped then regained some ground on Friday. Maybe we'll get some temporary relief from the selling next week. On Thursday the S&P 500 dropped for a third time to the Aug lows, followed by a big rally on Friday. This could produce a nice bounce once again from these lows, keeping in mind that we are still in an overall down-trend. 

Markets are closed on Monday. It's also Options expiration week for February.


Nikkei down 11% this week
SCTY plunged, BA also dropped
CSCO and GRPN rallied, as did Gold and Gold Miners
Biggest gain in Gold in several years

New all time highs:   HRL, K 
All time lows:  DYN, FEYE, NMBL, 
Pops:   GLD, GOLD     Drops:   
Mergers/Deals:  

Next week:  Economic reports, More Earnings next week... Options Expiration on Friday
Earnings:            
MON - 
TUE -
WED -NEM
THU -WMT
FRI -

This week's charts:


S&P 500 -bounce?
Gold rallied again, closing near 1238
The 30 year Bond was up yet again, closing near 166.5
The US Dollar dropped,  closing near 95.98

NEWS:
Week ahead could decide whether that was the bottom
Recession might be in the cards, if history's a guide: Analyst
This is the biggest thing scaring markets

$12.3 trillion of QE has added up to...this?
Negative creep: The negative-rates club is growing. But there is a limit to how low rates can go

Posted by 123Trader

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