Stock Market update -Feb 16th

Another week, another rally, another all time high! We could see yart another rally next week into  the Monthly Options expiration, maybe pushing the SPX aver 3400... maybe even DOW 30000! Why not...

Oil rallied a bit, as did Gold. Bonds mostly unchanged.

NVDA popped on earnings, finally regaining the huge losses seen in 2018!
Canopy’s stock roars higher after better-than-expected earnings...

Market concerns:  Coronavirus...

Pops:   

Drops:  

Over $23 Trillion in debt!  See Debt Clock on the left, or here...

S&P 500 chart  -new All time highs  (Link)
Still pretty extended at this level 

Bonds ...in an uptrend
Rates going lower -chart (link)

New all time highs:   AMD, KO, MDLZ, NVDA, PYPL, TJX, SPCE, V, and more..

All time lows:  CHK, ABEV

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -dropping

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

Stocks on the move:  GNPX, SPCE, S, TMUS, WORK  & more

Next week:     

	M	T	W	T	F
Events:	PRESIDENTS DAY				Feb Options Expiration
Earnings:	,	, WMT

This week's charts:

$NYA -NYSE Composite  -back up near the highs

 (IWM)   Small-caps -weaker than the other indexes -almost up to the highs...

VIX -dropping?

Links...

10yr Interest Rates  -still dropping

Labor Force Participation Rate (10 year chart) 

Fear & Greed Index 

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

Commodities/Futures (charts):  

Crude Oil was up, closing near 52.25

Gold was up, closing near 1587 -holding above 1500!!

The US Dollar was up a bit, closing near 99.02

The 30 year Bond was flat, closing near 162.47

News:

White House considering tax incentive for more Americans to buy stocks
Investors are flocking to bond funds in record numbers

Household debt jumps the most in 12 years, Federal Reserve report says