Stock Market update Jul 7th

The market was up this week, with the S&P futures hitting the 3000 level then pulling back after a good  jobs report. Bonds continue to hold up at these lofty levels. Gold is having trouble holding above 1400.
We could see a further rally to finally close above the 3000 level, followed by another pullback at some point. Upcoming earnings season will also guide markets in the coming weeks, along with actions from the Fed in July.

Continuing concerns:  Still keeping an eye on DB, Europe, China
DB continues its downward slide -keeping 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)
Near all time highs...



Bonds still look pretty extended here...


New all time highs:    AFL, ACN, DG, KMX, FDC, ORCL, V, MCD, SBUX, ZS, and more...
All time lows:   

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -very low
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  -made it back up to the Oct high

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


Links...
S&P 500 - near all time highs
Gold dropped a bit, closing near 1401
The 30 year Bond was flat, closing near 155
The US Dollar was up, closing near 96.84

News:


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