Stock Market update -Feb 2

The market attempted a rally after the previous Friday's selloff, only to see more selling again this Friday, closing below the prior week's drop. This is the first significant drop we've seen since last October! Much of the drop is attributed to the Coronavirus scare from China. More earnings next week...
Iowa caucuses on Monday night.

AMZN blew out earnings and saw an overnight spike as high as $250!
TSLA rallied again after reporting earnings -now at $650!
FB dropped after reporting great earnings
MMM & CAT also dropped, as did CVX & XOM & UPS
IBM popped on a CEO change
KO rallied to a new all time high
Brexit finally happened, without any great fanfare!
And we finally got the USMCA trade deal signed...

Gold and Bonds were up again, Oil was down again.
And of course we also have the impeachment coming to a close this week...

Market concerns:  Coronavirus...

Pops:   AMZN, TSLA

Drops:  UPS & others

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

S&P 500 chart  -up-trend is broken  (Link)
Still pretty extended at this level 

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

New all time highs:  AMZN, DECK, DOCU, KO, MDLZ, SHOP, TSLA, PEP, VRTX & more

AEP, ED, NEE, SO, XEL,  -all the utilities!

All time lows:  

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

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:  GE, TSLA, AMZN, SQ, LEE, and more...

Next week:     

	M	T	W	T	F
Events:	Iowa caucuses	State of the Union
Earnings:	GOOGL,	DIS, GILD, CMG,	MRK, QCOM, HUM, YUMC	BIDU, ATVI, TWTR, UBER,	ABBV

This week's charts:

$NYA -NYSE Composite  -pullback from all time highs

 (IWM)   Small-caps -pulled back this week...

VIX -rising?

AAPL rallied on Earnings, pulled back with the market on Coronavirus fears...

Links...

10yr Interest Rates  -still dropping

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

Fear & Greed Index -big pullback!

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

Commodities/Futures (charts):  

Crude Oil dropped again, closing near 51.56

Gold rallied, closing near 1587 -holding above 1500!!

The US Dollar was down a bit, closing near 97.21

The 30 year Bond was up, closing near 163.53

News:

Stocks stumble into February, one of the weakest months for market -calendar

Markets slide as coronavirus outbreak worsens— here’s what to watch

An analysis of the market sell-off: What’s likely causing it and how worried you should be

Amazon soars after huge earnings beat

Boeing posts first annual loss in more than two decades as 737 Max crisis drags on

China to inject $174 billion of liquidity on Monday as markets reopen

More retailers file for bankruptcy twice as they struggle with rising debt, pressure from Amazon