Stock Market update -Mar 24th

The Fed seemed to turn markets upside down this week, first with a big rally on Thursday, followed by a big drop on Friday, with long term interest rates taking a tumble, inverting the yield curve! This week we close out the 1st quarter with very strong gains (if it holds up), after the previous quarter's disastrous drop.

Bonds spiked, Gold was up a bit, also Oil.

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

Pops:  , 
Drops:   BIIB, NKE


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




S&P 500 performance chart, (9 months -Link)
Struggling to hold above 2800


New all time highs:   AEP. AMT, BAX, CMS, MPW, NEE, PG, TTD, XEL, WM
All time lows:   --

Options watch:   S&P 500 Implied Volatility -rising...  (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:    CRON, LULU

This week's charts:



$NYA -NYSE Composite (link)  

 (IWM)   Small-caps are weak


Links...
S&P 500 - big rally from the bottom now topping out? 
Gold was up a bit, closing near 1313 
The 30 year Bond rallied, after the Fed, closing near 148.78
The US Dollar  was flat, closing near 96.11

News:
Wall Street tumbles on global economic slowdown fears
Mortgage rates are now breaking to new lower territory, and they could stay there for months


Posted by 123Trader

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