Stock Market update -Aug 13th

We had a big down day on Thursday for the first time in a long time. The overal market was down about 1.5% for the week on North Korea tensions. Small-caps (IWM) continued to fall. Gold continued to rise. This could be the start of a bigger drop as we approach the end of the summer, and then go into Sep & Oct, notable times for market volatility. In this multi-year rally however, we've always recovered quickly from similar drops...

Macy's and JCP dropped again after reporting earnings. CMG and BBBY continue their downward trend.

Pops:  
Drops:  DIS, M, NVDA, PCLN

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





New all time highs:  TRV -short list!
All time lows:   JCP, SNAP

Options watch:   S&P 500 Implied Volatility spiked! GOOD TIME TO SELL PREMIUM!
Link to high IVR stocks   
High Options volume:   
ETFs SPY, IWM, QQQ, GLD, GDX, USO, XOP, VXX, XLF, FXI, EEM EWZ, 
Stocks AAPL, AMD, BAC, BABA, FB, MU, NVDA, TSLA
CBOE VIX Volatility Index   CBOE blogs  VIX spiked this week!

Next week:   Monthly Options Expiration

Earnings:  More retailers next week
RETAIL EARNINGS, FED MINUTES IN FOCUS NEXT WEEK
M  
T   HD
W  TGT
T   BABA, WMT
F  

This week's charts:


VIX spiked... Link



FAANG stocks & SPX -Link


Links...
S&P 500 - dropped this week
Gold rallied, closing near 1295 -approaching 1300!
The 30 year Bond was up a bit, closing near 155.50
The US Dollar was down a bit, closing near 92.97

NEWS:
Stocks rise slightly to end second-worst week of the year
North Korea could take back seat as stocks face big week for consumer data

Posted by 123Trader

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