Stock Market update: Stock Market update -Jan 29th

The DOW finally crossed the 20,000 mark this week! And the Nasdaq notched another all time high too. GDP came in at a disappointing 1.9%. Next week we get the monthly Jobs report, and lots of earnings.
The market continues to grind higher, as the VIX drops to multi-year lows. If you are a contrarian trader, there may be opportunities to buy the VIX at these levels (using Options or other derivatives). This could also be used to hedge 'long' positions in equities.

BA and MSFT popped on earnings
VZ dropped

CSCO to acquire AppDynamics

We are now heading to $20 Trillion in debt! See Debt Clock on the left... let's see if we get there before the new president takes office! Didn't make it, but we're almost there... kinda like DOW 20000!

This week...

It's anyone's guess as to what 2017 will bring, but here is a chart that shows the past 5 years...

New all time highs: AVGO, DOW, GD, GOOGL, LRCX, MSFT, LUV, USB, PCLN, RAI, and more...

All time lows: GNC, SHLD

Mergers/Deals:

Options watch: S&P 500 Implied Volatility is still very low... 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 -scraping bottom!

Next week: Economic reports, Earnings, FED MEETING, JOBS REPORT,

Earnings:

Mon

Tue AAPL, AET, LLY, MA, PFE, XOM, UPS

Wed FB

Thu AMZN, AMGN, COP, CMG, MRK, V,

Fri

This week's charts: