Stock Market update Jun 23

We saw a nice gain in the market this week, and finally hit all time high levels once again. The small-caps (IWM) however are still way below the all time highs. Bonds also hit highs this week, as did Gold, crossing the 1400 level for the first time in a long time! Oil rallied a s well.

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:   GLD, ORCL, KMX
Drops:    

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



S&P 500 performance chart, (9 months -Link)
All time highs!!



Bonds look pretty extended here...


New all time highs:    ABT,  AFL, ADBE, COST, DG, KMX, MSFT,  MDLZ, PG, SO, TRV, V, WMT,  YUM, XEL...
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:    
Earnings:   FDX, NKE  ,  MU

This week's charts:

$NYA -NYSE Composite  -recovering

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


Links...
S&P 500 - up this week
Gold rallied, closing near 1403
The 30 year Bond was up then fell, closing near 154
The US Dollar  dropped, closing near 95.69

News:
Cramer: Between G-20, jobs report and Fed forecasts, ‘I am taking a cautious stand next week’

Posted by 123Trader

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