Stock Market update -Apr 22nd

Looks like we started to roll over again this week, continuing the downtrend that started from the peak in Jan, with AAPL leading the decline on Friday. Bonds dropped as well! Oil was up. We get earnings from big Tech this week, followed by AAPL the following week -this will probably drive market direction in the short term. The Energy sector continued to rally this week (XLE, XOP, etc) as we await earnings from CVX & XOM on Friday.

Drops:  IBM, 
PM & SKX tanked... 
Apple stock falls 4 percent, goes negative for the year



This week -(link)


Over $21 Trillion in debt! See Debt Clock on the left, or here... 

New all time highs:    CSX, PSX, GDDY, LULU, RTN, NDQ, TRU -short list!
All time lows:    

Options watch:   S&P 500 Implied Volatility dropping...
Link to high IV 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:   
Earnings:    
M  GOOGL
T  CAT, KO, UTX
W  FB, TWTR, BA, CMG, QCOM, V
T   AMZN, MSFT, GM, PEP, SBUX, UPS
F  CVX, XOM

This week's charts:


VIX?... Link




FAANNG stocks & SPX (link) -FB broken? NFLX double top?


Links...
S&P 500 - failed rally?
Gold was down a bit, closing near 1337 -holding over $1300!
The 30 year Bond dropped, closing near 142.94
The US Dollar was up a bit, closing near 90.09

NEWS
This Isn’t the Earnings Season Stock Bulls Wanted
VIX Rigging Talk Erupts on Wall Street After Another Wild Swing


Posted by 123Trader

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