Stock Market update -Nov 17

New all time highs once again! We've had a really huge rally since early October, so it wouldn't be surprising to see it slowdown or pullback before long. But now the 3025 level should act as support, whereas it offered resistance before. Time will tell. We get earnings reports from more retailers this week...
The small-caps continue to lag.

Bonds were up, as well as Gold & Oil.

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)


Bonds ...still in a downtrend


New all time highs:   AAPL, AMAT, DIS, MSFT, GOOGL, EW, VRTX, FISV, GPN MDT, LK, LRCX, WMT, SYY 
All time lows:  TLRY

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...
HD, LOW, FL, ROST, TJX, TGT

This week's charts:

$NYA -NYSE Composite  -new all time highs

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



VIX -near multi-year lows!


Links...
S&P 500 - 
Gold was flat, closing near 1468 -back below 1500!
The 30 year Bond was up, closing near 158.40
The US Dollar was down, closing near 97.85

News:
Dow tops 28,000 for first time, capping 4-week win streak
Disney stock jumps, Netflix slips amid news that Disney+ pulled in 10 million subscribers in one day 
Expedia stock suffers worst day yet as Google threat hits travel websites

4 major cannabis companies reported disappointing earnings this week...
Aurora Cannabis stock suffers worst day in more than five years

Posted by 123Trader

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