Stock Market update -Sep 11th

Wow! The market sold off on Friday... after two months of no movement, and with no warning.


Some say it was the Fed, some say it was Draghi, some say it was ahead of the 911 weekend, but no one really knows -it just happened, so just trade it!

This week saw Stocks drop, and Bonds drop as well. We also saw AAPL drop after the new iPhone announcement. We'll see if we get a bounce next week ahead of Friday's Quarterly Options expirations.

APA popped


New all time highs:   DLTH
All time lows:  SEAS
Mergers/Deals:  Dell/EMC finalized

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,  Options Expiration -Triple witch... SPY dividend 
Earnings:      

This week's charts:


ITT Technical Institutes shut down after 50 years in operation




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 - dropped on Friday!
Gold was up a bit, closing near 1331
The 30 year Bond stayed the same, closing near 166.65
The US Dollar was down a bit, closing near 95.33

NEWS:
Stocks sell off, all 3 major indexes post worst day since June 24...
Summer's over? Dow plunges almost 400 points
MasterCard slapped with $18.6 billion lawsuit over fees
Wells Fargo fined $185M for fake accounts; 5300 were fired
Apple pumps brakes on self-driving car strategy, laying off dozens NYT
US agency: Samsung Galaxy Note 7 too dangerous to use

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