Stock Market update -Mar 17th

Another week, another rally. We closed out the 1st quarter Options expiration week on a higher note as expected, above the 2800 level on the SPX. We could be stuck in this range for a bit. This week we have another Fed meeting -maybe a catalyst for another directional move.

Bonds , Gold, and Oil were also up a bit.

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

Pops:  AVGO, ULTA, 
Drops:

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:   AVGO, ABT, AFL, AMT, FOXA, INTU, MA, V, MSFT, PG, PYPL, PAYX, ULTA, V, XEL, YUM, & more
All time lows:   --

Options watch:   S&P 500 Implied Volatility -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:   
Earnings:    FDX, TCEHY

This week's charts:



$NYA -NYSE Composite (link)  

 (IWM)   Small-caps


Links...
S&P 500 - big rally from the bottom is holding up 
Gold was up a bit, closing near 1302 
The 30 year Bond was up, closing near 146.28
The US Dollar  was down, closing near 96

News:
Boeing grounds entire 737 Max crash aircraft fleet

Posted by 123Trader

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