Stock Market update -Feb 23

We finally got a small pullback this week, after the recent rally. More earnings next week, along with continued concern about the CoronaVirus in China. The Bond rally could be a concern going forward...

The 30 year Bond rallied, with yields dropping to its lowest ever in history!
Gold surged to a 7 year high!
TSLA saw a big rally again this week, now approaching $1000...

Oil rallied a bit, as did Gold & Bonds

Morgan Stanley Gains E-Trade's Individual Investors As Wall St. Traders Lose Mojo

Market concerns:  Coronavirus...
Pops:   DPZ, DBX, ETFC, S, SPCE, 
Drops:  TRUE, 

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



S&P 500 chart  -small pullback  (Link)
Still pretty extended at this level 


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

New all time highs:   CCI, COST, DE, DG, DLR, HD, KO, WEN -odd list
All time lows:  ABEV, GRPN, DO, TRUE

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -rising
ETFs SPY, IWM, QQQ, GLD, GDX, USO, XOP, VXX, XLF, XLE, FXI, EEM EWZ, 

Stocks AAPL, AMD, BAC, BABA, DIS, FB, MU, NFLX, NVDA, ROKU, TSLA...

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


Next week:     Earnings from Retailers, among others
MTWTF
Events:

Earnings:HPQ, PANWAMT, HD, M, SPCELOW, SQ, TJX, WENBIDU, BBY, TTDFL

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...




Links...
10yr Interest Rates  -still dropping
Gold was up, closing near 1645 -now holding above 1600!!
The US Dollar was up a bit, closing near 99.21
The 30 year Bond was up, closing near 165 -now at its lowest yield ever!

News:
US government fines Wells Fargo $3 billion for its 'staggering' fake-accounts scandal


No comments: