High Yield Corporate Bonds took a dive this week too.
We are very oversold at this point, so I expect we'll get a big bounce soon... maybe this week, maybe after the New Year. We could also see a selling climax before any bounce. Only limited risk Option trades would be recommended here, with sufficient time to play out...
IWM/NYA are at a 2 year low -the DOW has a long way to go if its also heading there!
GS is near a 3 year low... also IBM
Bonds holding up (low rates), as is Gold. Oil continues to drop.
Continuing concerns: Interest rates, China
Still keeping an eye on DB
FDX dropped
PRGO dropped
Over $21 Trillion in debt! See Debt Clock on the left, or here...
S&P 500 performance, 9 months -(Chart Link)
Looking for a bounce soon...
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:
This week's charts:
Links...
S&P 500 -broke support & then saw a HUGE drop!
10yr Interest Rates -steady/around 3%...
ETFs - Ranked by YTD Percent ChangeS&P 500 Sector performance
$NYA -wow -now at a 2 year low!
Crude Oil dropped AGAIN, closing near 45.42 - now below $50
Gold was up, closing near 1259 -holding well above $1200!
The 30 year Bond was up again, closing near 144.65
The US Dollar was flat, closing near 96.47
NEWS
The U.S. Stock Market Is Officially in a Correction. And Financial Stocks Are Now in a Bear Market
S&P 500 now down 15.55% in Q4, which is the worst quarter since Q4 2008...
Microsoft was the real MVP of the tech world in 2018
Nvidia's 54 percent plunge this quarter makes it the biggest loser in S&P 500
AAPL hits 52 week low of $149, down 36% from $233 October high
How Google Will Destroy Uber
Sears weighs 50 to 80 more store closures...
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