Stock Market update -Mar 12th

The market pulled back a bit this week after a long run! We have Options expiration next Friday for the month and for the quarter. Also coming up next Wednesday is the much anticipated Fed meeting, where the Fed is expected to raise interest rates. We saw a big drop in Oil prices this week, lower Gold prices, and slightly higher interest rates (Bonds down).

The S&P 500 closed out the week up 250% higher from the bottom of the financial crisis in March of 2009 (around 666)!

Pops/Drops:

We are now FINALLY over the  $20 Trillion debt level! See Debt Clock on the left... 

This week...


New all time highs:  ATVI, AMGN, AVGO, ADBE, BAX, FB, ICE, INCY, JNJ, LRCX, MMM, PM, V, ULTA, UNH, and more...
All time lows:   
Mergers/Deals:   

Options watch:   S&P 500 Implied Volatility is still very low... 
Link to high IVR stocks   
High Options volume:   SPY, IWM, QQQ, AAPL, FB, BAC, GLD, GDX, USO, VXX, XLF, FXI, EEM EWZ, XOP
CBOE VIX Volatility Index -still scraping bottom!

Next week:  Economic reports,  Fed meeting Wednesday, 3x Options expration Friday
Earnings:       ADBE, DG, ORCL, TIF, 

This week's charts:


VIX still scraping the bottom... closed at 11.66, up a bit

AAPL is now past its 2015 all-time highs... will it hold?

Links...
S&P 500 - small pullback so far...
Gold dropped, closing near 1204
The 30 year Bond dropped,  closing near 146.90
The US Dollar was up a bit, closing near 101.31

NEWS:
S&P and Nasdaq snap 6-week win streak; Street looks ahead to Fed meeting
Art Cashin warns that there’s something ‘disturbing’ happening in the market
The No. 1 stock of the bull market... and 39 others that soared 1,000%
YouTube’s streaming TV service is called YouTube TV, costs $35 per month
YouTube says its audience now watches over 1 billion hours of video content per day
Microsoft Pledges to Use ARM Server Chips, Threatening Intel's Dominance

Oil prices sink below $50 for 1st time this year
Brazil tumbles deeper into its worst ever depression

No comments: