Stock Market update -Aug 12th

The market rallied, then pulled back on Friday to give back some of the gains. The S&P500, could still be heading back up to the Jan high, while the Nasdaq 100 (QQQ) and the Small-caps (IWM) remain comfortably above the Jan high. The DOW is the weakest of the indexes, still a long way off its Jan high.

Gold was flat, as Oil dropped a bit. Bonds rallied as the S&P dropped on Friday.

ROKU, TWLO,  popped on earnings!
TSLA rallied on a tweet about going private at $420 per share...


This week -(CHART Link)




NYA -NYSE Composite Index


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



How high will Oil prices go?? (5 yr chart)


New all time highs:   FDC, FISV, FTNT, MTCH, NEE, LULU, URBN, PLNT, ROKU, TTD,  TJX, TWLO, VFC
All time lows:   , 

Options watch:   S&P 500 Implied Volatility -still low
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:    CSCO, NVDA, JD, HD, WMT

This week's charts:



FAANNG stocks & SPX (link) -AAPL, AMZN near all time highs


Links...
S&P 500 - 
Gold was flat, closing near 1219 -well below $1300
The 30 year Bond was up a bit, closing near 144.34
The US Dollar was up a bit, closing near 96.18

NEWS
Prescription drugs fuel CVS' earnings beat as sales in the front of the store lag
Turkish lira plunges 14% versus dollar after Trump authorizes doubling metals tariffs on Turkey

Posted by 123Trader

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