Stock Market update -May 26th

Another down week, making it 3 in a row now from the recent all time high. We are pretty much at a support level near 2800, so we could see a bounce soon. Concerns remain about China trade & tariffs. We saw some of the retailers drop after reporting earnings.

Oil dropped, while Bonds continue to move up.
Gold may be trying to find a bottom in this area.

TSLA continued its slide from December
JWN dropped on earnings

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

Pops:   TGT
Drops:    JCP, JWN, KSS, LOW

Over $22 Trillion in debt! See Debt Clock on the left, or here...



S&P 500 performance chart, (9 months -Link)
Still dropping from the all time high


New all time highs:    AEP, CMS, NEE, AMT, FIS, GPN, ROKU,  PGR,  SO, WP, WM
All time lows:   -CLDR

Options watch:   S&P 500 Implied Volatility -holding up...  (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:    Uber, COST, DG

This week's charts:

$NYA -NYSE Composite  -never made it back to the Oct high!

 (IWM)   Small-caps -ditto...


Links...
S&P 500 - dropped again this week!
Gold dropped too, closing near 1284
The 30 year Bond was up again, closing near 151.21
The US Dollar  was mostly flat, closing near 97.44

News:
The stock market would be much lower if it weren’t for companies buying back their own shares


Posted by 123Trader

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