Stock Market update Jan 5th

The market hit new all time highs again (around 3250 on the SPX), before pulling back on Friday on news of the killing of a noted Iranian General. Bonds, Gold & Oil rallied on the news as well.
Next week marks the first full week of trading for the new year. We'll see how markets react to this Middle East development. Later this month we should have the signing of two major trade agreements, one with China, and the other with Canada/Mexico.

The S&P 500 closed 2019 with a 29% gain, after the big pullback in late 2018.

TSLA continued its strong rally

Continuing concerns:  The markets are at pretty extreme levels here...

Pops:   

Drops:  INCY 

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:   AMD, GOOGL, LMT, NDAQ, TSLA, UTX

All time lows:  

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -moved up a bit

Link to high IV stocks   

High Options volume:   

	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?  Jobs report on Friday
Stocks on the move:  SAVA

Earnings...  

This week's charts:

$NYA -NYSE Composite  -near all time highs

 (IWM)   Small-caps -small pullback

VIX -moved up on Fri

AAPL continues to rally -with an ever expanding PE

Links...

10yr Interest Rates  -steady

Labor Force Participation Rate (10 year chart) -trending up

Fear & Greed Index

ETFs - Ranked by YTD % Change  -or by Volume
S&P 500 Sector performance

Commodities/Futures (charts):  

Crude Oil was up again, closing near 64.57

Gold rallied again, closing near 1580 -above 1500!!

The US Dollar was unchanged, closing near 96.52

The 30 year Bond was up closing near 158.53

News:

Geopolitical tensions could hold back stocks in the week ahead, as investors await jobs report