Stock Market update -Mar 31st

The market was up a bit for the week as we closed out the 1st quarter with significant gains, though not enough to recover the significant losses seen in the previous quarter! We could continue to trade sideways in this current range till we get the next round of earnings reports starting in 2 weeks. Long term Interest rates dropped again this week, so Bonds rallied along with stocks -something has to give soon!

Bonds and Oil rallied some more, while Gold dropped

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

Lyft's much anticipated IPO finally happened on Friday.
AAPL's much anticipated Monday announcement was a dud...
CMG continued to power higher again this week!

Pops:  LULU, 
Drops:   RH

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




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


New all time highs:   ADP, AMT, BAX, FAST, FIS, FISV, INTU, PG, PYPL, SBUX, WM & more
All time lows:   --

Options watch:   S&P 500 Implied Volatility -dropped...  (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 on Friday
Earnings:    

This week's charts:



$NYA -NYSE Composite (link)  

 (IWM)   Small-caps are still weak


Links...
S&P 500 - big rally from the bottom now topping out? 
Gold dropped, closing near 1297
The 30 year Bond rallied again, closing near 149.75
The US Dollar  was up, closing near 96.81

News:
S&P 500 notches best start to a year since 1998, Dow rises more than 200 points on trade optimism
Cramer's game plan: Keep an eye on retail sales and employment data


Posted by 123Trader

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)