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
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...
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

Posted by 123Trader

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