Stock Market update -Feb 17th

This week we rallied... We are now approaching the 2800 level for the SPX, and will probably get there before taking a break. We've had a HUGE rally from the Christmas Eve bottom, so it wouldn't hurt to start taking some profits this week...

Bonds holding up (low rates), Gold, Oil moving up.

Continuing concerns:  
Still keeping an eye on DB, China, Europe

NVDA popped a bit on earnings, after being beaten down for a quite a while

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




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


New all time highs:   ABT, AFL, AMT, ADI, BA, DG, FOXA, LLY, UNP, XLNX, WM, and more
All time lows:   --

Options watch:   S&P 500 Implied Volatility -still dropping!  (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:   Fed minutes
Earnings:    AAP, BIDU, DPZ, CVS,  WMT

This week's charts:



$NYA -NYSE Composite (link)  

 (IWM)   Small-caps


Links...
S&P 500 - big rally from the bottom still going! 
10yr Interest Rates  -steady/around 3%...
ETFs - Ranked by YTD Percent Change
S&P 500 Sector performance
$NYA -how much further up?

Crude Oil was down, closing near 55.79 - rallying above $50
Gold was down a bit, closing near 1325 -holding above $1300
The 30 year Bond was flat, closing near 146.62
The US Dollar  was up, closing near 96.74

News:
Dow jumps nearly 450 points, clinches 8th straight weekly gain

Posted by 123Trader

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