Stock Market update -Jul 8th

Markets rallied on Friday after the Jobs report, and the start of US/China tariffs. The unemployment rate rose from 3.8 to 4%.

We could be starting another leg up in the S&P500, though earnings will confirm this over the next few weeks. Some of the banks begin reporting next week.

Oil held up, and Bonds were up again!

Biogen shares soar on successful Alzheimer's drug trial again

China Cancels U.S. Soybean Purchases as Trade War Takes Hold
Soybean prices fell to the lowest point since 2016...

BIIB popped


This week -(link)


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



How high will Oil prices go??


New all time highs:   CHD, FB, DRI, KKR, NEE, SYY,  etc. Odd list...
All time lows:   WIN, 

Options watch:   S&P 500 Implied Volatility rising?
CBOE VIX (Volatility Index) was up...  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:    DAL, PEP, 
Friday:   C, JPM PNC, WFC

This week's charts:



FAANNG stocks & SPX (link) -FB at all time high, NVDA lagging


Links...
S&P 500 - 
Gold was flat, closing near 1255 -still below $1300
The 30 year Bond was up a bit, closing near 145.84
The US Dollar was down a bit, closing near 93.75

NEWS
Stocks rise as Wall Street cheers jobs report, shrugs off trade fears
Two key levels on the S&P 500 will signal where it's heading, market watcher says


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