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
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
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

Posted by 123Trader

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