Stock Market update -Aug 28th

The market pulled back a bit this week, with heavy trading volume on Friday (Fed day) -the heaviest volume since Brexit! We could be forming a top here on the S&P 500 near the 2200 level. Next week's Jobs number might be a catalyst for the next move up or down. Gold and Bonds seem to be slipping lower. Oil is holding up so far.

DG, DLTR, ULTA dropped on earnings...  ADSK, BBY popped



New all time highs:  ADBE, ADSK, AVGO, NTES, WB
All time lows:  
Mergers/Deals:  

Options watch:   Implied Volatility still at extreme lows...  Link to high IVR stocks   
High volume:   SPY, IWM, QQQ, AAPL, FB, BAC, HYG, GLD, GDX, USO, VXX, XLF, FXI, EEM EWZ, XOP

Next week:  Economic reports,   Monthly Jobs report on Friday!
Earnings:      ANF, AMBA. AVGO, CRM, LULU


This week's charts:


NASDAQ -16 years to get back to even!


The S&P 500 got there a long time ago...


NYSE still struggling to get to the 2015 highs


Links...
S&P 500 - holding near all time highs!
Gold dropped, closing near 1324
The 30 year Bond dropped a bit, closing near 170.40
The US Dollar was up a bit, closing near 95.50

NEWS:
Stocks close mixed after Fed commentary; Nasdaq snaps 8-week win streak
Losses Piling Up for S&P 500 as Weekly Drop Is Worst Since June
Second-quarter GDP still weak: 1.1%
Stock market could test new highs as rate hike jitters fade
Hedge Funds Suffer Biggest Redemptions Since 2009 as Returns Lag

Dollar-Store Chains Tumble After Food-Stamp Cuts Hamper Sales
Apple's iOS 'Failure Rate' Is Higher Than Android's For First Time
iPhone 6 and 6 Plus Plagued by ‘Touch Disease’
Why Tableau just hired Amazon Web Services guru Adam Selipsky to be its new CEO
Linux Took Over the Web. Now, It’s Taking Over the World

Stock Market update -Aug 21st

The equity market was pretty much flat for the week, but Bonds dropped and Oil popped. Earnings season is pretty much over, and next week we have the Fed with possible news out of their meeting -nothing expected though.

Meanwhile the usual worries linger re. Europe/Italy, Japan, etc.

LOW, TGT dropped on earnings...  DE popped


New all time highs:  EA, EW, ROST, 
All time lows:  
Mergers/Deals:  

Options watch:   Implied Volatility still at extreme lows...  Link to high IVR   
High volume:   SPY, IWM, QQQ, AAPL, FB, BAC, HYG, GLD, GDX, USO, VXX, XLF, FXI, EEM EWZ, XOP

Next week:  Economic reports,   Fed event...
Earnings:      BBY, DG, DLTR...

This week's charts:


NASDAQ -16 years to get back to even!


The S&P 500 got there a long time ago...


NYSE still struggling to get to the 2015 highs


Links...
S&P 500 - holding all time highs!
Gold was unchanged, closing near 1345
The 30 year Bond dropped, closing near 170.97
The US Dollar was down a bit, closing near 94.50

NEWS:
Stocks close lower, but Nasdaq posts first 8-week win streak since 2010
Week Ahead: Yellen, GDP, Durable Goods Reports Could Help Liven Things Up
The stock market is embarrassing Wall Street pros everywhere
Cisco to cut 5,500 jobs in shift from switches to software

Google still a good bet 12 years after IPO, expert says
Gartner: Android’s smartphone marketshare hit 86.2% in Q2
You'd have to be 'deaf, dumb and blind' to buy Apple, investor says
Apple blamed for 75% of Target’s electronics decline

Stock Market update -Aug 14th

The market was more or less flat this week, having hit new all time highs in all three major indexes. Gold sold off on Friday.


NVDA popped on earnings. M, JWN and others also popped, pushing up XRT... 

New all time highs:  ACIA, AVGO, CL, LMT, NVDA, ROST, RTN, TSN, ULTA
All time lows:  
Mergers/Deals:  Randstad buys Monster, Walmart buys Jet.com

Options watch:   Implied Volatility still at extreme lows... 
High IVR link  Also companies reporting earnings 
High volume:   SPY, IWM, QQQ, AAPL, FB, BAC, HYG, GLD, GDX, USO, VXX, XLF, FXI, EEM EWZ, XOP

Next week:  Economic reports,   Monthly Options expiration on Friday...
Earnings:      HPQ, HD, LOW, TGT, CSCO, WMT


This week's charts:


NASDAQ -16 years to get back to even!


The S&P 500 got there a long time ago...


NYSE still struggling to get to the 2015 highs


Links...
S&P 500 - new all time high!
Gold was unchanged, closing near 1341
The 30 year Bond was up, closing near 173.06
The US Dollar was down a bit, closing near 95.67

NEWS:
Stocks close mostly lower; Nasdaq posts longest weekly win streak since 2012
U.S. stocks post modest weekly gains; Nasdaq hits record
Central banks are printing money as though the global economy is in freefall

Macy's is shutting down 100 stores...
Android dominates in India with 97% market share
Amazon's 'Prime Air' Boeing 767 Takes Its Maiden Flight
Randstad buys Monster for $429M as recruitment consolidation continues
As of today, we have used up all the Earth’s resources for 2016

Stock Market update -Aug 7th

The market rallied to a new all time high on a good Jobs number on Friday, with 255,000 new jobs added (S&P 500). Financials rallied too, with the increased expectation for a rate hike. Implied Volatility is at a very low level, and Bollinger Bands suggest an upcoming breakout move -we'll only know the direction after it happens though! But this rally is long in the tooth... Bonds and Gold dropped.

Market worries... Japan, GB/Brexit, Italian banks, DB, Europe, Turkey...


BMY dropped, while MRK popped on news.
PCLN popped on earnings, closing at 1414 on Friday!
FEYE, TRIP dropped on earnings.

New all time highs:  AVGO, BLL, HPE, MNST, NVDA, TTWO, 
All time lows:  
Mergers/Deals:  

Options watch:   Implied Volatility at extreme lows... except for stocks reporting earnings!
High IVR link  Also companies reporting earnings 
High volume:   SPY, IWM, QQQ, AAPL, FB, BAC, HYG, GLD, GDX, USO, VXX, XLF, FXI, EEM EWZ, XOP

Next week:  Economic reports,   More earnings, 
Earnings:      DIS


This week's charts:


IWM is the star performer since the Feb lows...
-even tho its not yet back to all time highs.


Links...
S&P 500 - new all time high!
Gold dropped, closing near 1339
The 30 year Bond dropped, closing near 171.25
The US Dollar was up, closing near 96.23

NEWS:



Stock Market update -Jul 31st

The market was flat to slightly down for the week, with tech earnings boosting things a bit for the NASDAQ. We continue to get a barrage of earnings this week, along with the usual issues in Japan and Europe. Friday is also Jobs day!

Oil prices fell, while Bond prices rose. Gold was up a bit too.


AMZN, AAPL, FB, GOOGL popped on earnings. TWTR, WDC dropped.

New all time highs:  AMZN, ALGN, ESRT, HPE, HD, NVDA, RTN, SAP, SPG,  SRC, O, TJX, TSN...
All time lows:  
Mergers/Deals:  ORCL to buy NetSuite

Options watch:   Implied Volatility at extreme lows... except for stocks reporting earnings!
High IVR link  Also companies reporting earnings 
High volume:   SPY, IWM, QQQ, AAPL, FB, BAC, HYG, GLD, GDX, USO, VXX, XLF, FXI, EEM EWZ, XOP

Next week:  Economic reports,   Earnings, Monthly Jobs report
Earnings:      
M:  
T:    CVS, PG, PFE, STX,
W:  DDD, HUM, HLF, TSLA, RIG, TRIP
Th: ATVI, LNKD, MNST, PCLN,
F:  

This week's charts:


IWM is the star performer since the Feb lows...
-even tho its not yet back to all time highs.



SMH -weekly breakout

Links...
S&P 500 - rally stalled?
Gold was up, closing near 1357
The 30 year Bond was up, closing near 174.50
The US Dollar was down, closing near 95.51

NEWS:
Stocks close mixed; S&P, Dow snap 4-wk win streak
Cheaper oil sends Exxon, Chevron to worst quarter in years
Amazon keeps its crown as king of cloud as sales pop 
Microsoft to cut about 2,850 more jobs
Spring slump: U.S. economy only grows 1.2%

Mark Zuckerberg and Jeff Bezos have put legendary Warren Buffett in their rearview mirror
Is Bank of Japan signaling that it’s running out of ammo