Stock Market update -Sep 30th

The S&P500 pulled back a bit in this steady up-trend we have seen since April. The Nasdaq 100  (QQQ) on the other hand was actually trending up this week, while the small-caps (IWM) and the DOW trended down.  Bonds were up, in spite of the Fed raising interest rates. Oil rallied too, taking out the July high! The Fed raised rates another .25 points as expected, with another increase expected in December. We had the best quarterly performance in stocks in many years.
The Health Care sector (XLV) was a top performer this past quarter

BBBY dropped on earnings

Comcast tops Fox with final $38.8 billion bid to acquire Sky


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



S&P500 performance, 9 months -(CHART Link)




NYA -NYSE Composite Index 
-still below the Jan high, but getting there...



TSLA roller coaster



AMD topping out?


New all time highs:   ATVI, ABT, FTNT, LOW, LULU, ROKU, SQ, TJX,  TTWO, VRTX, YUM & more
All time lows:   JCP, SHLD, SNAP 

Options watch:   S&P 500 Implied Volatility -near the lows again!
CBOE VIX (Volatility Index) was up...  

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:   COST, PEP

This week's charts:



FAANNG stocks (link) -not participating in the S&P rally!
MSFT doing well though...


Links...
S&P 500 - holding above the Jan top...
Gold was down a bit closing near 1196 -hanging around $1200!
The 30 year Bond was flat, closing near 140.31
The US Dollar was up, closing near 94.81

NEWS
S&P 500 posts strongest quarter since 2013 as stocks close mostly unchanged
Facebook says 50 million user accounts were exposed to hackers
Tesla’s Elon Musk settles with SEC, paying $20 million fine and resigning as board chairman
Mortgage rates soar to 7-year highs


Posted by 123Trader

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)