Stock Market update -Mar 20th

Stocks rose for a 5th week, bringing some indexes back to breakeven or better for the year. As I mentioned last week, this rally could continue into the end of this 1st quarter -then we get earnings. If previous rallies are any indication (last October looks identical), we could see the market roll over again.  You Are Here

The Dollar dropped, and Commodities rallied as a result.


FDX, ADBE, and ORCL popped on earnings

New all time highs:   ADBE, AEP, AVGO, ED, HPE, HON, ROST, SYY, TJX, UNH, XEL  and more...
All time lows:  ...
Pops:   TFM, FDX    Drops:  VRX 
Mergers/Deals:  
Apollo Buys The Fresh Market in a $1.3 Billion Cash Tender Offer 
Chinese firm snatches Starwood from Marriott

Next week:  Economic reports,  Short trading week (Good Friday)
Earnings:      NKE reports on Tue  

This week's charts:

Valeant train wreck...

Links...
S&P 500 -powerful rally!
Gold was up a bit, closing near 1256
The 30 year Bond was up, closing near 163.21
The US Dollar dropped again,  closing near 95.07

NEWS:
Moody’s: Pension Funding Likely to Get Worse Before It Gets Better

Posted by 123Trader

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