Stock Market update -May 6th

The market dropped then recovered, ending pretty much flat for the week, after the big rally on Friday, spurred in part by AAPL.The monthly Jobs report on Friday was somewhat disappointing.
Oil continued to rise, while Bonds were mostly unchanged.

T-Mobile Us Inc and Sprint Corp Announce Merger

Alibaba Tops Fiscal Q4 Earnings Forecasts
AAPL, P popped on earmings
GILD, SNAP, YUM dipped



This week -(link)


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

New all time highs:   AAPL, ADP, CTXS, FTC, GDDY, INTU, MA, V, PSX, VLO, etc.
All time lows:    

Options watch:   S&P 500 Implied Volatility dropping...
CBOE VIX Volatility Index   CBOE blogs  

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

Next week:   
Earnings:    
M  
T   DIS, JD, TRIP
W  
T    NVDA, EA
F  

This week's charts:


VIX... Link




FAANNG stocks & SPX (link)


Links...
S&P 500 - where next?
Gold was down a bit, closing near 1316 -holding over $1300!
The 30 year Bond was flat, closing near 143.50
The US Dollar was up a bit, closing near 92.43

NEWS
Apple Shares Pop After Earnings Beat, $100 Billion Buyback Announcement

Posted by 123Trader

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