Stock Market update -Jul 16th

We got a big Janet Yellen rally this week after her Fed testimony! With the rally in the S&P 500, we switched from the lows of the recent down-trend, to close at a new all time high on Friday. We'll see if it continues as earnings begin rolling out this week. With this rally, the VIX is back to multi-year lows as we approach the Futures expiration on Tuesday.


Pops:  
Drops:  

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




New all time highs:  AET, BA, BABA, EBAY, FB, HON, MSFT, PYPL, MA, V, STT
All time lows:   
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:   Earnings

Earnings: 
M  NFLX
T  BAC, IBM, GS, JNJ, UNH, UAL
W  AXP, MS, QCOM
T  EBAY, MSFT, V
F  GE, HON

This week's charts:


Low S&P VIX... Link



FAANG stocks & SPX -Link


Links...
S&P 500 - new all time high...
Gold was up, closing near 1228
The 30 year Bond was up, closing near 152.43
The US Dollar was down again, closing near 94.90

NEWS:
S&P 500 closes at record, topping June high, on bets for a strong earnings season
Here's why you might bet on more record highs for the market
Under-the-radar report next week could be crucial for the market
The two stocks that could see big moves on earnings
Why JPMorgan Earnings Failed to Impress Investors

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