Stock Market update -Feb 7th

The market seemed to reverse course again this week, with some of the big tech names getting hit pretty hard. Weak employment numbers on Friday didn't help. Gold rallied strong this week, while Bonds were also up.

We could see the SPY reach down to the Jan/Aug lows again, though there doesn't seem to be much bad news out there. Maybe some Europe or Japan news? A bounce would be nice though...


FB dropped, after the big earnings rally last week!
GOOGL rallied on earnings too, but then gave it all back!
AMZN dropped further, as did GPRO, and CRM, and COP
NFLX closed below the Aug low!
LNKD tanked after reporting earnings, as did DATA

New all time highs:   EW, TSN, 
All time lows:  DATA, FEYE, NWSA
Pops:        Drops:   DATA, LNKD
Mergers/Deals:  

Next week:  Economic reports, More Earnings next week... Fed testimony next week also...
Earnings:            
MON - 
TUE -CVS, DIS, KO, PNRA
WED -CSCO, TWTR
THU -ATVI, PEP, TSLA
FRI -
This week's charts:


S&P 500 -next move???
Gold rallied again, closing near 1157
The 30 year Bond was up yet again, again, closing near 163.25
The US Dollar dropped,  closing near 97.05

NEWS:
Friday: Nasdaq sheds 3% amid massive tech sell-off
Investors dump stocks, scoop up bonds for 5th straight week
Why the rout could continue in the week ahead
America's earnings recession deepens

De-FANGed: These stocks are in free fall
Google, the World's Most Valuable Company, Seeks Cloud Dominance
Public Housing Getting Google Fiber for Free
APPLE: THE WORST-CASE SCENARIO — 2016
Apple's Arrogance Exposed As Controversial Error 53 Bricks iPhones
Forget Apple vs. Samsung. There's no stopping China in the smartphone war

Rising U.S. layoffs hint at ebbing labor market momentum
Citi: World economy seems trapped in 'death spiral'
Is It Time To Panic About Deutsche Bank?
China FX reserves fall almost $100B to lowest since May 2012
Venezuela flirts with default, could be worse than Argentina

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