Stock Market update -Nov 10

New all time highs! We are holding up above the recent tops on the SPX (around 1025) for the second week now, so we have finally broken above the trading range that was established months ago, after touching the top 3 times! The only index still lagging is the small-caps (IWM).
Most of the big earnings reports are now behind us.

Bonds dropped again, as well as Gold & Oil was flat.

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

Pops:   
Drops:   

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




S&P 500 performance chart, (9 months -Link)
Finally broke out!


Bonds ...dropping


New all time highs:   AAPL, AMGN MSFT, IBN, and some other 'odd' names...
All time lows:   WORK

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -back to the lows!
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...
NVDA, CRON, TLRY, WMT, 

This week's charts:

$NYA -NYSE Composite  -new all time highs

 (IWM)   Small-caps -still struggling within the 2019 range... 



Links...
S&P 500 - 
Gold dropped, closing near 1463 -back below 1500!
The 30 year Bond was down, closing near 156.46
The US Dollar was up, closing near 98.21

News:
Stocks close at record highs on strength in tech and health
Global Debt Tops $188,000,000,000,000...
McDonald’s falls to seven-month low – Jim Cramer and four other experts weigh in

Southwest, American extend Boeing 737 Max cancellations until early March
China Corporate Bond Defaults Nearing a Record


Posted by 123Trader

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)