Stock Market update -Oct 7th

The market pulled back this week, more than it has in recent weeks, just after the DOW hit record highs! Bonds dropped too as interest rates went up -these markets normally move in opposite directions! The monthly Jobs report was a bit weak. We also finally reached a trade deal between the US, Canada, and Mexico to replace NAFTA. Next comes China.
Some of the major banks kick off earnings season on Friday.

GE rallied
TSLA dropped again this week, as did COST

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


S&P 500 performance, 9 months -(CHART Link)




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


New all time highs:   CME, CP,  BLL -short list!  Long list last week...
All time lows:    DBX, SHLD

Options watch:   S&P 500 Implied Volatility -RISING!  (CBOE VIX)

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:   C, JPM, PNC, WFC, DAL, fast, WBA

This week's charts:



FAANNG stocks (link) -all pulled back with the S&P drop!
MSFT doing well though...


Links...
S&P 500 -dropped back to the Jan top...
Gold was up a bit closing near 1207 -hanging around $1200!
The 30 year Bond saw a big drop, closing near 136.78
The US Dollar was up, closing near 95.28

NEWS
Dow falls the most in 2 months on fears of rising rates as 10-year yield hits highest since 2011

Amazon raises minimum wage to $15 for all US employees 

Posted by 123Trader

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