Stock Market update -Jun 09

Big disappointment in the Jobs report on Friday apparently sent stocks soaring -go figure! The week ended higher, breaking a 4 week losing streak... Now we might head up to challenge 2900 and higher on the SPX...

 Concerns remain about China trade & tariffs, and now Mexico tariffs. 
Gold rallied

Continuing concerns:  Still keeping an eye on DB, Europe, Brexit, China
DB continues its downward slide -keep an eye on this bank with huge derivative exposure...

Pops:   
Drops:    

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



Bonds!!


New all time highs:    ABT, KO, PEP, MSFT, PG,  OKTA, PYPL, ROKU, SBUX, V, VEEV
All time lows:   -

Options watch:   S&P 500 Implied Volatility -moving 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:    , 

This week's charts:

$NYA -NYSE Composite  -recovering

 (IWM)   Small-caps -still struggling...


Links...
S&P 500 - dropped again this week!
Gold rallied again, closing near 1345
The 30 year Bond was flat, closing near 154
The US Dollar  was down a bit, closing near 96.51

News:
Dow jumps 260 points, posts best week since November after jobs report spurs rate-cut hopes

It’s no longer a question of if the Fed will cut interest rates, but when
Walgreens cuts long-time health benefit for retired employees in ‘unusual’ move

Posted by 123Trader

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