Stock Market update -Mar 4th

The market reversed course once again with a downward slide this week, based partly on proposed trade tariffs by the President, and also on the Feds testimony. Rates on the 10yr and 30yr Bonds may have peaked for now based on the charts. This week may help determine whether the market will continue the rally or the pullback, but it seems volatility remains somewhat elevated. We get the Jobs report on Friday.


BOX, CELG, FL, LOW, MCD dropped


This week (link)


Over $20 Trillion in debt! See Debt Clock on the left, or here... 

New all time highs:   , NFLX, VEEV
All time lows:    

Options watch:   S&P 500 Implied Volatility dropped...
Link to high IVR stocks   
High Options volume:   
ETFs SPY, IWM, QQQ, GLD, GDX, USO, XOP, VXX, XLF, XLE, FXI, EEM EWZ, 
Stocks AAPL, AMD, BAC, BABA, FB, MU, NFLX, NVDA, TSLA
CBOE VIX Volatility Index   CBOE blogs  

Next week:   Monthly JOBS report

Earnings:    COST, DLTR, ROST, TGT, 


This week's charts:


VIX dropping... Link




FAANNG stocks & SPX (link)


Links...
S&P 500 - rally failed so far
Gold was down, closing near 1323 -holding over $1300!
The 30 year Bond was down a bit, closing near 143.43
The US Dollar was flat, closing near 89.94

NEWS
February was an insane month for the stock market
Salesforce stock carves out new records as analyst lovefest continues
Best Buy to close down all 250 of its U.S. mobile phone stores

Posted by 123Trader

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