Stock Market update -Jun 2nd

Another down week, making it 4 in a row now from the recent all time high. We are again pretty much near a support level around 2725 (we broke past the last one at 2800), so we could see a bounce soon. Concerns remain about China trade & tariffs, and now Mexico tariffs. 

Oil dropped again, while Bonds continue to move up, yet again!
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:    AMT, CCI, HSY, OKTA, VEEV -odd list
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:    Monthly JOBS report
Earnings:    AMGN, CRM, 

This week's charts:

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

 (IWM)   Small-caps -ditto -broke support too...


Links...
S&P 500 - dropped again this week!
Gold finally rallied closing near 1310
The 30 year Bond rallied again, closing near 154
The US Dollar  was up a bit, closing near 97.65

News:
Dow drops more than 350 points after Trump threatens new tariffs on Mexico, posts 6-week slide


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Posted by 123Trader

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