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
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...
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

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

Posted by 123Trader

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