Stock Market update -Sep 2nd

The SPX finally took out the old Jan high, to close at new all time highs! In fact all the major indexes (except the DOW) closed at all time highs. AMZN and AAPL continued to march higher, seemingly for no reason. Marijuana stocks rallied too.

Amazon pops above $2,000 on way towards $1T market cap

LULU popped on earnings
EA dropped... 

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



Market performance, 9 months -(CHART Link)




NYA -NYSE Composite Index -still below the Jan high...




New all time highs:   AAPL, ADP. AET, ALGN, COST, CME, FDC, ILMN, LULU, MSFT, SQ, TJX, UAL and more...
All time lows:   , 

Options watch:   S&P 500 Implied Volatility -up a bit
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:    AVGO

This week's charts:



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


Links...
S&P 500 - surpassed the Jan top...
Gold dropped, closing near 1205 -hanging around $1200!
The 30 year Bond dropped, closing near 144.12
The US Dollar was up a bit, closing near 95.12

NEWS
Stocks clinch best August performance in over 4 years despite trade turmoil


Posted by 123Trader

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