High Yield Corporate Bonds are also down...
We bounced from being veery oversold... maybe this week, maybe after the New Year we'll see a continued recovery. We could also see a selling climax first. Only limited risk Option trades would be recommended here, with sufficient time to play out...
IWM/NYA are near 2 year lows -the DOW has a long way to go if its also heading there!
Bonds holding up (low rates), Gold is rallying. Oil holding in the 40s
Continuing concerns: Interest rates, China, Government shutdown?
Still keeping an eye on DB
Over $21 Trillion in debt! See Debt Clock on the left, or here...
S&P 500 performance, 9 months -(Chart Link)
Looking for a bottom here maybe...
Options watch: S&P 500 Implied Volatility -holding at the highs! (CBOE VIX)
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?? -Holiday week
Earnings:
This week's charts:
Ditto for the Small-caps (IWM)
Links...
S&P 500 -broke support & trying to recover
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 was flat, closing near 45.12 - now below $50
Gold was up again, closing near 1283 -holding well above $1200!
The 30 year Bond was up again, closing near 145.75
The US Dollar dropped, closing near 95.91
NEWS
The Fed could be a factor in the week ahead as stocks exit the worst year in a decade
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