Stock Market update Aug 4th

This week we had AAPL earnings, the Fed, and the monthly Jobs report... oh, and a Tweet from the President about additional China tariffs, which sank the market further on Friday! We ended with the biggest down week for the year -maybe a turning point, maybe not, we'll see.
Bonds saw a big rally, while Oil dropped, and Gold was up.
GBP (British Pound) continued to drop, as did AUD...

Continuing concerns:  Still keeping an eye on DB, Europe, China

Pops:   
Drops:   SQ, PFE

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



S&P 500 performance chart, (9 months -Link)
Big drop this week...




Bonds rallied again...


New all time highs:    NEE, QSR, SO, -short list!
All time lows:   CLVS, JCP, FIT, RIG, 

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -lower & lower!
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:   
M  
T   DIS
W  CVS, ROKU
T   UBER LYFT
F  

This week's charts:

$NYA -NYSE Composite  -DROPPED  from the recent all time high!

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


Links...
S&P 500 - big drop, back below 3000
Gold was up, closing near 1452
The 30 year Bond saw a big rally, closing near 158.75
The US Dollar was up a bit, closing near 97.88

News:
Stocks swoon to their worst week of the year
Google parent Alphabet overtakes Apple to become world's most cash-rich company
UPDATE 2-AMD forecast misses on lower gaming console chip demand, shares fall

Lowe’s lays off thousands of workers

Posted by 123Trader

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