Stock Market update: September 2017

Stock Market update -Sep 24th

The market was pretty much flat for the week in spite of all the news, otherwise pretty uneventful. The small-cap IWM hit an all-time high after a nice rally for the past few weeks. AAPL continued to drop after their big phone announcement. Looks like we'll close out the quarter with another small gain for the year as the uptrend continues.

The Fed announced it would begin its plan to shrink its $4.5 trillion balance sheet, beginning in October, and building up to $600 billion a year.

Toys R Us Files for Bankruptcy

Pops:
Drops:

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

This week (link)

New all time highs: BA, LMT, CAT, HON, GDDY, INTU, PYPL, TD, MCO

All time lows:

Options watch: S&P 500 Implied Volatility down...
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

Next week:

Earnings: MU, NKE

This week's charts:

VIX dropping back down... Link

FAANG stocks & SPX -Link

Links...

S&P 500 - near all time highs!

10yr Interest Rates

Labor Force Participation Rate (10 year chart)

Fear & Greed Index

ETFs - Ranked by YTD Percent Change
S&P 500 Sector performance

Commodities/Futures (charts):

Crude Oil was up, closing near 50.66

Gold dropped, closing near 1300

The 30 year Bond was down a bit, closing near 154.37

The US Dollar was up a bit, closing near 91.98

NEWS:

Friday Humor: Russell 2000 Reaches New Record High
Key lessons from the second-longest bull market, in 11 charts

Fed announces a start to modestly reducing its bond holdings

Deutsche Bank: "Global Asset Prices Are The Most Elevated In History"

iPhone 8 lines were orderly and short. In other words, a snooze
Can Google and HTC crack the Apple-Samsung smartphone duopoly?
Google is paying $1 billion for HTC's smartphone brains
S&P Cuts China’s Credit Rating, Citing Risk From Debt Growth

Stock Market update -Sep 17th

The markets ended at record highs this week! The SPX closed at 2500 for the 1st time. Bonds and Gold dropped. Biotechs continued to rally. VIX dropped. The market rally continues!

ORCL dropped on earnings
AAPL dropped a bit after their new phone announcement
NVDA popped again

Pops:
Drops: ORCL

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

This week (link)

New all time highs: ABBV, BA, CAT, CELG, EBAY, NVDA

All time lows:

Options watch: S&P 500 Implied Volatility dropped ahead of next week's expiration...
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

Next week: Fed meeting

Earnings: ADBE, AZO, FDX

This week's charts:

VIX dropping back down... Link

FAANG stocks & SPX -Link

Links...

S&P 500 - new all time high!

10yr Interest Rates

Labor Force Participation Rate (10 year chart)

Fear & Greed Index

ETFs - Ranked by YTD Percent Change
S&P 500 Sector performance

Commodities/Futures (charts):

Crude Oil was UP, closing near 49.83

Gold dropped, closing near 1323 -over 1300!

The 30 year Bond was down, closing near 154.96

The US Dollar was up a bit, closing near 91.60

NEWS:

S&P 500 closes at record high; Dow posts best week since December
Something in the charts is making me bet against tech stocks: Trader

Nvidia’s rally is twisting analysts into bullish knots

Red-hot Nvidia gets its most bullish Wall Street call yet due to A.I.

Stock Market update -Sep 10th

The market pulled back a bit this week, and could be setting up for another leg up, though odds could favor either direction. Bonds and Gold continued to rise.

AAPL pulled back a bit ahead of its big announcement on Tuesday.

United Technologies buys Rockwell Collins for $22.75 billion

Pops:
Drops: DIS, EFX

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

This week (link)

Some stocks going the wrong way!

New all time highs: ABBV, AET, BAX, EBAY, MCD, ORCL,

All time lows:

Options watch: S&P 500 Implied Volatility holding steady...
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

Next week:

Earnings: ORCL,

This week's charts:

VIX dropping back down... Link

FAANG stocks & SPX -Link

Links...

S&P 500 - next move?

10yr Interest Rates

Labor Force Participation Rate (10 year chart)

Fear & Greed Index

ETFs - Ranked by YTD Percent Change
S&P 500 Sector performance

Commodities/Futures (charts):

Crude Oil was unchanged, closing near 47.56

Gold rallied again, closing near 1351 -over 1300!

The 30 year Bond was up, closing near 157.46

The US Dollar was down a bit, closing near 91.31

NEWS:

Wall St. ends flat as media stocks slump, healthcare gains
10-year Treasury yield posts largest weekly decline in more than 4 months
US Consumer Borrowing Increased In July
Eli Lilly to eliminate 3,500 jobs globally

Amazon to add second headquarters with up to 50,000 jobs in grab for talent

Huawei has surpassed Apple as the world’s second largest smartphone brand

Giant Equifax data breach: 143 million people could be affected

Facebook's Russia problem: What we know

Stock Market update -Sep 3rd

We got a nice rally this week, taking us back up to the prior August highs. The QQQ actually took out those highs, while the IWM (small-caps) is still trying to catch up. Biotech saw a big rally. Gold rallied as well, now over $1300. The Jobs report on Friday was somewhat disappointing, but the market rallied anyway. GDP was better than expected. Economic damage from the Harvey hurricane could be in the $100 billion range!

Pops: PANW
Drops: TECD, BBY. HPE

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