Stock Market update -Nov 27th

All the stock market indexes are now at all time highs -the last time we saw this was in 2000! Lets see how we end the year, with just over a month left, but the short-term trend is definitely bullish. Stocks are moving up at the expense of Bonds and Gold. The Dollar is also now at a 52 week high. The Small-caps are very extended (IWM).



DE, DLTR popped on earnings...
TSN dropped
LLY dropped on news

New all time highs:   IWM/SPY!! DE, DFS, FDX, LOCK, PNC, WEN, UNH, UPS
All time lows:  
Mergers/Deals:  Symantec to acquire LifeLock 

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,  Monthly Jobs report
Earnings:      DG, ULTA

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 continues
Gold dropped, closing near 1178 -yet another drop
The 30 year Bond was mostly flat,  closing near 152.81
The US Dollar was mostly flat, closing near 101.54

NEWS:
U.S. stocks hit new records and post third straight week of gains
Stocks just reached a tech-bubble era milestone. Who cares?
The Most Important Bond Trendline Is Broken: "Now It Gets Interesting"
Health care stocks tumble as stock market hits records
Risk Parity Funds Suffer Worst Month Since 2015 As Breadthless, Fearless Stock Market Soars

Apple Continues to Underperform; the Market Is Resistant...
Apple offers free battery replacements for some iPhone 6S handsets that keep shutting down
...Apple Addresses iPhone 6 Plus 'Touch Disease' With New Repair Program
Huawei leapfrogs Samsung to become world’s most profitable Android device maker


Posted by 123Trader

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