Stock Market update -Apr 8th

We ended the week mostly unchanged, though not without its ups and downs. Not helping was a disappointing Jobs report on Friday. The market is at a decision point, sitting at a support level, where it could bounce, or fall right through. I suspect upcoming earnings will guide the next move.

Up-trend in Bonds continues...

TSLA rallied...
FB recovered from some of its earlier declines
Drops: INCY



This week -(link)



$NYA -eventually heading lower still, or trying to find a bottom here?


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

New all time highs:    EL, HLF,   -short list!
All time lows:    

Options watch:   S&P 500 Implied Volatility up again!
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:    BLK, JPM, C, WFC, PNC, DAL, BBBY


This week's charts:


VIX rising again... Link




FAANNG stocks & SPX (link) -FB broken?


Links...
S&P 500 - trying to find a bottom
Gold was up a bit, closing near 1337 -holding over $1300!
The 30 year Bond was down a bit, closing near 146.06
The US Dollar was up a bit, closing near 89.82

NEWS
Dow tumbles 572 points as trade war fears pummel stocks
The stock market is in its 3rd-longest stretch without a new high since 2013
Rocky Indexes Frustrate Bulls And Bears
JPMorgan Chase and other big banks take center stage

Posted by 123Trader

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