Stock Market update -Dec 2nd

We got a big rally on Wednesday after the Fed's speech -let's see if it lasts. Lots of shorts out there, so we could see more upside. Lets see what the Jobs report does on Friday too.


Bonds continued to hold up, while Oil is trying to find a bottom maybe!
Continuing concerns: Brexit, Italy, China

DB (Deutsche Bank) hit an all time low!
GM announced job cuts & plant closings

Bitcoin continues to drop
US crude plunges 22% in November, settling at $50.93, for weakest month in over 10 years

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

S&P 500 performance, 9 months -(Chart Link)
Bounced from support levels


New all time highs:    ANTM, CDW, ABT, LLY, DAL, UAL RSG, WM, WDAY, XEL, -odd list!
All time lows:   DB,  FTR, WIN, EGO

Options watch:   S&P 500 Implied Volatility -Still high  (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:   Monthly Jobs report on Friday
Earnings:    AZO, AVGO, DG, LULU, ULTA


This week's charts:



$NYA -NYSE Composite (link)
Bounced this week -like the other indexes



FAANG stocks (link) -all trending down!



DB -20yr chart



GE -no recovery!


Links...
S&P 500 -still in a short-term down-trend
10yr Interest Rates  -steady/rising around 3%...
ETFs - Ranked by YTD Percent Change
S&P 500 Sector performance
$NYA -trying to recover!

Crude Oil was flat, closing near 50.72- holding near $50
Gold was flat, closing near 1227 -above $1200!
The 30 year Bond was up a bit, closing near 140.28
The US Dollar was up a bit, closing near 97.05

NEWS
Dow ends volatile November with more than 150-point rally on hopes of a US-China trade deal at G-20

Posted by 123Trader

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