Stock Market update -Jun 16

The market was pretty flat for the week, after the big run from the prior week, and ahead of the Fed meeting next week. We could see a further rally to challenge the all time highs, or price rejection at this level, and head back down. Time will tell.

Gold rallied again, as did Bonds. Oil held steady with some ups and downs

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

Pops:   
Drops:    AVGO

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



S&P 500 performance chart, (9 months -Link)
Nice rally! Let's see what the Fed does this week...



Bonds look pretty extended here...


New all time highs:    ABT,  AFL, COST, DIS,  DHR,  KMX, MDLZ, ROKU, PG, SBUX,  TRV, YUM
All time lows:   -RIG

Options watch:   S&P 500 Implied Volatility  (CBOE VIX)
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:    Fed meeting, Q2 Options expiration
Earnings:   ADBE,  ORCL ,  

This week's charts:

$NYA -NYSE Composite  -recovering

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


Links...
S&P 500 - flat this week
Gold was flat, closing near 1345
The 30 year Bond was flat, closing near 154
The US Dollar  was up a bit, closing near 97.56

News:


Posted by 123Trader

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