Stock Market update -Dec 3rd

The markets rallied to new all-time highs once again this week. The DOW crossed 24,000 for the first time. Bitcoin also rallied to not only 10000, but 11000 before pulling back a bit. Let's see how far these bubbles go...
Tech and SMH had a mini crash, for no apparent reason; Financials rallied.
Bonds were down a bit this week.

Dow logs longest streak of monthly gains in 22 years as it closes above 24,000
Goldman says highest valuations since 1900 leave investors in for a world of hurt





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

New all time highs:   ABBV, BRK.B, BA, COST, CSX, CAT, ICE, MMM, PSX, PGR, UNH, and more...
All time lows:   

Options watch:   S&P 500 Implied Volatility is still low...
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:   Monthly Jobs report on Friday
Earnings:    AVGO, HD, DG

This week's charts:


VIX still low... Link



FAANG stocks & SPX -Link


Links...
S&P 500 - new all time highs once again
Gold was down a bit, closing near 1283 -approaching 1300
The 30 year Bond was down a bit, closing near 153.18
The US Dollar was flat, closing near 92.84

NEWS
401(k) investors rejoice: Dow closes above 24,000 for first time
Senate approves tax bill after Republicans sprint to rework it
Hold on for a Wild Ride: Cramer's 'Mad Money' Recap (Friday 12/1/17)


Posted by 123Trader

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