Stock Market update -Nov 20th

The post election rally continued this week, as Bonds and Gold continued to drop. We saw new all-time highs in the small-caps (IWM) and the DOW, and a huge rally in the Financials. The US Dollar also rallied as interest rates spiked, and as the dollar surged of course, other currencies like the Euro dropped.



BBY, TGT popped on earnings...

New all time highs:   FDX, HPE, LRCX, PNC, ROST, USB
All time lows:  
Mergers/Deals:  Samsung to acquire Harman

Options watch:   Low Implied Volatility...  Link to high IVR stocks   
High volume:   SPY, IWM, QQQ, AAPL, FB, BAC, GLD, GDX, USO, VXX, XLF, FXI, EEM EWZ, XOP
CBOE VIX Volatility Index dropped...

Next week:  Economic reports,  
Earnings:     CPB, DE, DLTR, HPE, TSN,  

This week's charts:


Financials (XLF) broke out after the election!



Is that a Double-Top in the Small-caps? (3yr view) -nope! This one broke out too...



NYSE never got back up to the 2015 highs, unlike the other indexes -still trying

Links...
S&P 500 - big post election rally
Gold dropped, closing near 1207 -another drop
The 30 year Bond dropped again,  closing near 152.84
The US Dollar rallied again, closing near 101.42

NEWS:
Investors to digest stock market feeding frenzy before their turkey
Facebook to buy back up to $6 billion in stock
Sorry Apple, Samsung's Note 7 Loss Is China's Gain
Mammoth Texas oil discovery biggest ever in USA

Was the U.S. Presidential Election the Catalyst to End the Bond Bull Market?
How The S&P 500 Will Spend $2.6 Trillion In Cash Next Year (Hint: Mostly On Stock Buybacks)
LORD TURNER: 'We are in a deeply profound deflationary trap'
What Happens When the Fake Stock Market Driven By Fake Data Finally Adjusts to Economic Realities?

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