Stock Market update -Dec 30th

The markets recovered a bit, but still have a long way to go to undo the recent damage. We are still in a big down-trend, so expect huge rally bursts which don't last. Maybe we'll get one next week to close out the year, or not! This will be the first negative year since the financial crisis.

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...


New all time highs:    none!
All time lows:   ...

Options watch:   S&P 500 Implied Volatility -holding at the highs!  (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??  -Holiday week
Earnings:    


This week's charts:



$NYA -NYSE Composite (link)   -2 year low! Big loser this year
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 Change
S&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

Sears closing 80 more stores in March as it faces possible liquidation

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