Stock Market update -Jun 11th

We had a mini-crash in the Nasdaq 100 on Friday this week, with lots of volume! Oddly enough, the other indexes were not affected. In fact the small-caps (IWM) closed at an all time high! Possibly a warning sign for some of the over-extended tech names...

We get a Fed announcement next week, along with Quarterly Options Expiration, and maybe even a Tech recovery...

Pops:  BABA
Drops:  Tech wreck! AMZN AAPL, CRM, FB, GOOGL, MSFT, NVDA, SMH...

We surpassed the $20 Trillion debt level in February! See Debt Clock on the left... 





New all time highs:  ATVI, AFL, BABA, DE. FB, FDC, JNJ, LRCX, NVDA, SHOP, TSLA, SQ, and more
All time lows:   DO
Mergers/Deals:   

Options watch:   S&P 500 Implied Volatility 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   CBOE blogs

Next week:    Fed meeting, Options Expiration -Monthly & Quarterly
      
This week's charts:


VIX... Link




Extended??


Links...
S&P 500 - near all time highs...
Gold was down, closing near 1268
The 30 year Bond was downa bit, closing near 154.18
The US Dollar was up, closing near 97.25

NEWS:
Nasdaq closes 1.8% lower, posts worst week of the year as big tech stocks tank
All eyes on tech sector ahead of expected Fed interest-rate hike
JPMorgan sees a 'summer top' and market correction into the fall
Wounded Watson, IBM Shares Fail To Recover
Alibaba Shares Skyrocket as $1 Trillion in Sales Becomes a Real Possibility
Santander buys troubled Banco Popular for €1

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