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

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





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

Bonds ...still in a downtrend


New all time highs:   ADSK, BAM, FISV, RH, ROST, TECD, -odd list again -no big leaders
All time lows:  

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -sitting near 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:    Monthly Jobs report
Stocks on the move:  CLVS  DKS  NTNX   SPLK...
Earnings...  CRM

This week's charts:

$NYA -NYSE Composite  -higher this week -Back to the Jan 2018 high!

 (IWM)   Small-caps -FINALLY BROKE OUT!


VIX -popped a bit this week


Links...
10yr Interest Rates  -still low
Gold was up, closing near 1470 -still below 1500!
The 30 year Bond was down a bit, closing near 159.12
The US Dollar was unchanged, closing near 98.17

News:
The Look Ahead: November 29, 2019


Posted by 123Trader

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