Stock Market update: Stock Market update -Jan 8th

Based on last year's January selloff, many people expected the same thing this year. It's not over yet, but so far we have a nice rally, with the VIX scraping the bottom! This week we begin to get earnings from the Banks, which had a nice run since the election. Bonds and Gold continued the short-term uptrend this week, while Oil was flat. We could see this stock rally continue as the DOW crosses the 20,000 mark this week, maybe...

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!

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

...popped
M, KSS dropped

New all time highs: CHTR, DE, NFLX, PGR, PNC,

All time lows: DRYS
Mergers/Deals:

Options watch: Implied Volatility is 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: Banks... BAC, JPM, WFC,

This week's charts:

Links...

S&P 500 - post election rally resumed

10yr Interest Rates -rising!

Labor Force Participation Rate (10 year chart) -falling

Fear & Greed Index

ETFs - Ranked by YTD Percent Change

Commodities/Futures (charts):

Natural Gas dropped, closing near 3.26

Crude Oil was flat, closing near 53.75