Stock Market update Jan 19th

The market hit new all time highs again (around 3330 on the SPX) -valuations are pretty stretched at this point. The VIX is near all time lows, with the Futures expiring next week -maybe we'll see a change in trend after the expiration. Earnings continue next week with NFLX on Tureday.
Gold was down a bit, as was Oil.

The China trade agreement is now behind us. Later we should also have the signing of the other major trade agreement with Canada/Mexico. And of course we also have the impeachment happening...

AAPL, GOOGL, MSFT, and others continued the strong rally to more new all time highs

Continuing concerns:  The markets continue to be at pretty extreme levels here...
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)
Still pretty extended at this level -RSI divergence too


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

New all time highs: 
AAPL, FB, MSFT, GOOGL, ADBE, CRM, BABA, ISRG, LK, SHOP, gpn, BBY, KO, LLY, MDT, TJX, MA, V, YUMC, and more...
All time lows:  

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -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:     Earnings -airlines, 
Stocks on the move:  APA, BYND, LK, TWLO, CPAH, 
ibm, txn, 

MTWTF
Events:
China trade deal
Earnings:IBM, NFLXJNJINTC, PG

This week's charts:


$NYA -NYSE Composite  -all time highs

 (IWM)   Small-caps -pulling back?

VIX -dropped!


AAPL continues to rally -with an ever expanding PE




Links...
Gold dropped, closing near 1565 -holding above 1500!!
The US Dollar was up a bit, closing near 97.04
The 30 year Bond was down closing near 157.68

News:


Posted by 123Trader

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