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


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