Stock Market update: December 2019

Stock Market update -Dec 29

Another week, yet another all time high! The markets rallied again after the Christmas holiday. Next week we start the new year, with many traders expecting some sort of pullback or correction after this strong 4th quarter rally (see chart below). The market is up roughly 30% this year, on less than 5% earnings growth!

AMZN rallied on Thursday after reporting good holiday sales.
TSLA continued its strong rally

Continuing concerns: The markets are at pretty extreme levels here...

Pops: AMZN

Drops:

Over $23 Trillion in debt! See Debt Clock on the left, or here...

S&P 500 chart -new all time highs, again (Link)
Pretty extended at this level -see RSI

Bonds ...still in a short-term downtrend
Rates going higher -chart above (link)

New all time highs: AAPL ADBE, BABA, GOOGL. JPM, LK, MSFT, NKE, TSLA, MA, V, UTX

All time lows: TLRY

Options watch: S&P 500 Implied Volatility (CBOE VIX) -near all time lows

Link to high IV stocks

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: Quiet week? Happy New Year!
Stocks on the move: APA, HL, LK, RAD, TSLA

Earnings...

This week's charts:

$NYA -NYSE Composite -new all time highs

(IWM) Small-caps -the rally continues!

VIX -moved up on Fri

AAPL continues to rally -with an ever expanding PE

Links...

10yr Interest Rates -rising

Labor Force Participation Rate (10 year chart) -trending up

Fear & Greed Index

ETFs - Ranked by YTD % Change -or by Volume
S&P 500 Sector performance

Commodities/Futures (charts):

Crude Oil was a bit higher, closing near 61.72

Gold rallied, closing near 1515 -back above 1500!!

The 30 year Bond was unchanged, closing near 156.15

The US Dollar was up, closing near 96.55

News:

Nasdaq crosses 9,000, Dow and S&P 500 notch new highs as year-end rally rolls on

Top money manager warns investors to brace for a steep sell-off

Traders Buy Calls As Smart/Dumb Money Plunges

Three best-performing S&P 500 stocks this year have something in common

Uber co-founder Travis Kalanick severs all ties, dumps last 5.8M shares

Boeing Fires C.E.O. Dennis Muilenburg

Spirit Airlines to buy 100 Airbus A320 neo family aircraft

Rite Aid's stock has nearly tripled in 9 days

J.C. Penney could be doomed: former top retail CEO

Stock Market update -Dec 22

Another week, yet another all time high! The markets rallied with a number of uncertainties out of the way, including China tariffs, and the new spending bill. We also had Options expiration on Friday for the week/month/quarter/year! And the impeachment, which didnt seem to make any difference.

With Christmas week upon us, and with limited trading hours, could be a quiet week.

Continuing concerns: The markets are at pretty extreme levels here... though we could see it continue to rally or hold up into year-end.

Pops:

Drops:

Over $23 Trillion in debt! See Debt Clock on the left, or here...

S&P 500 chart -new all time highs, again (Link)
Pretty extended at this level -see RSI

Bonds ...still in a short-term downtrend
Rates going higher -chart above

New all time highs: AAPL, BABA, MSFT, NKE, ABT, ADBE, ACN, ADSK, PG, TSLA, V, UNH, BBY, and much more...
All time lows:

Options watch: S&P 500 Implied Volatility (CBOE VIX) -near all time lows

Link to high IV stocks

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: Quiet week? Merry Christmas!
Stocks on the move: RAD, TSLA

Earnings...

This week's charts:

$NYA -NYSE Composite -new all time highs

(IWM) Small-caps -the rally continues!

VIX -near its lows

AAPL continues to rally -with an ever expanding PE

Links...

10yr Interest Rates -rising

Labor Force Participation Rate (10 year chart) -trending up

Fear & Greed Index

ETFs - Ranked by YTD % Change -or by Volume
S&P 500 Sector performance

Commodities/Futures (charts):

Crude Oil was a bit higher, closing near 60.36

Gold was also higher, closing near 1482 -still below 1500!

The 30 year Bond was lower, closing near 156.15

The US Dollar was mostly unchanged, closing near 97.28

News:

The S&P 500 is within striking distance of its best year since 1997

Dow gains 10,000th point since Trump's election

Best Stocks of the Year: Microsoft Is Number 3

Netflix is the second best-performing S&P 1500 stock of the decade — you’ve probably never heard of the first

Boeing to temporarily halt 737 Max production in January

FedEx problems go beyond its split with Amazon

Stock Market update -Dec 15

The market rallied again on Thu, Fri on the new China trade agreement & the Fed nothing announcement, hitting new all time highs once again. We also had the impeachment hearings, and the British elections.

U.S.-China Trade Deal Phase 1 Is Here; December Tariffs Are Scrapped

House Judiciary Committee Approves 2 Articles Of Impeachment Against Trump

INVESTORS RUN FROM STOCKS AT RECORD PACE -biggest withdrawals on record

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

Pops: CIEN

Drops:

Over $23 Trillion in debt! See Debt Clock on the left, or here...

S&P 500 chart -new all time highs (Link)

Bonds ...still in a downtrend

New all time highs: AAPL, ADBE, AMGN, FAST, JPM, MA, MSFT, NKE, TSM, SMH, USB

All time lows: DBX

Options watch: S&P 500 Implied Volatility (CBOE VIX) -popped this week

Link to high IV stocks

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: Quiet week?
Stocks on the move: FCX, CIEN, CHWY

Earnings... FDX, MU, NKE

This week's charts:

$NYA -NYSE Composite -Back up to all time highs

(IWM) Small-caps -Back up to near recent breakout highs!

VIX -dropped this week

AAPL continues to rally -with an ever expanding PE

Links...

10yr Interest Rates -still low

Labor Force Participation Rate (10 year chart) -trending up

Fear & Greed Index

ETFs - Ranked by YTD % Change -or by Volume
S&P 500 Sector performance

Commodities/Futures (charts):

Crude Oil was a bit higher, closing near 59.78

Gold was also higher, closing near 1480 -still below 1500!

The 30 year Bond was higher as well, closing near 158.09

The US Dollar was a bit lower, closing near 97.20

News:

Leading US Indexes Close Higher Friday and for the Week of Dec. 13
Path is clear for a year-end rally with key hurdles like the trade war removed

Cramer’s week ahead: China trade deal let’s us focus on some big earnings reports

Trump halts new China tariffs and rolls back some of the prior duties on $120 billion of imports

Boris Johnson And Conservative Party Win Large Majority In U.K. Parliament

Adobe’s stock jumps to record close as investors cheer cloud transition

Stock Market update -Dec 8

This week we saw the first drop in the recent rally on Mon/Tue, only to recover almost all the losses by the end of the week. We got a strong Jobs number on Fri which helped move the market even higher. This week we have the last Fed meeting on Wed, along with some events in Europe & Great Britain. We also have the upcoming tariff deadline.
With the recent top being challenged this week, we could see another test of that new upside resistance level now.

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

Pops: ULTA

Drops:

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

S&P 500 chart -2 months of new highs -interrupted this week (Link)

Bonds ...still in a downtrend

New all time highs: AAPL. JPM, NKE, GOOGL, DOCU, LULU, RH, SYY, USB, BAM, MPW, VICI

All time lows: TLRY

Options watch: S&P 500 Implied Volatility (CBOE VIX) -popped this week

Link to high IV stocks

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: Fed meeting
Stocks on the move: AKS, CLDR, KOD, PCG, SHOP, ULTA...
Earnings...

This week's charts:

$NYA -NYSE Composite -Back up to near all time highs

(IWM) Small-caps -Back up to near recent breakout highs!

VIX -popped this week

Links...

10yr Interest Rates -still low

Labor Force Participation Rate (10 year chart) -trending up

Fear & Greed Index

ETFs - Ranked by YTD % Change -or by Volume
S&P 500 Sector performance

Commodities/Futures (charts):

Crude Oil was higher, closing near 59.07

Gold was down, closing near 1464 -still below 1500!

The 30 year Bond was down, closing near 157.65

The US Dollar was down, closing near 97.66

News:

Dow closes more than 300 points higher after strong jobs report

Jobs growth soars in November as payrolls surge by 266,000

Traders Are Already Bracing for a Wild Week Ahead

Robots in Finance Could Wipe Out Some of Its Highest-Paying Jobs

Larry Page steps down as CEO of Alphabet, Sundar Pichai to take over

Amazon wants to crush Intel Xeon and AMD Epyc with new Graviton2 chips

Lululemon could be the next Nike, Cowen says

Stock Market update -Dec 1st

Nice rally recovery this week! Even the Small-caps (IWM) finally broke out from the loong trading range where it has been stuck all year! We could see further upside action on this one to catch up to the Oct 2018 high.. No real feel for market direction next week, though with this veery extended rally, a pullback would not be surprisng...

Charles Schwab To Buy TD Ameritrade, Creating Brokerage Behemoth

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

Pops: BBY, DKS

Drops: DLTR