Stock Market update: April 2020

Stock Market update -Apr 26

The market was mostly flat this week as we consolidate in this area, after the recent rally from the bottom. The jury is still out as to whether we continue higher from this resistance level here, or reverse. This week could tell as we have many potential market moving events -earnings from big tech, a Fed meeting, and the monthly Jobs report on Friday! Meanwhile, most businesses remain closed throughout the country!

Bonds were flat, Gold was up, and Oil Futures dropped to NEGATIVE $35!

The US economy has wiped out all the job gains since the Great Recession

Oil for Less Than Nothing? Here’s How That Happened

Coronavirus live updates

S&P 500 market crash recovery (chart)

...stalling? Earnings will drive markets this week

Also the Fed, and The Friday Jobs report

High yield Corporate Bonds -holding up so far (2yr chart)

Investment grade Corporate Bonds -Fed recovery-(2yr chart)

Market concerns: Coronavirus... NEGATIVE Oil Futures prices... debt... Earnings

Pops:

Drops:

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

I expect in time we will see this skyrocket with all the new debt being added.

Unemployment claims skyrocket

Jobless claims jump another 4.4 million — 26 million Americans have lost their jobs to the coronavirus

S&P 500 chart -stalled rally?

Bonds are higher -chart (link)
10yr rates are lower (chart)

New all time highs: DOCU, LLY, MLNX, ZM, TDOC, VEEV, WING

All time lows: ABEV

Options watch: S&P 500 Implied Volatility (CBOE VIX) -continuing to pull back!

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, DIS, FB, MU, NFLX, NVDA, ROKU, TSLA...

Stocks on the move:

Next week:

	M	T	W	T	F
EARNING:		AMD, CAT, GOOGL, MMM, MRK, PFE, PEP,SBUX	FB, MSFT, GE	AMZN, AAPL, GILD	CLX, CVX, XOM
Events:			FED		Jobs report

A blast of earnings news is coming, but the market may be more focused on when the economy will reopen

This week's charts:

$NYA -NYSE Composite -indecision

(IWM) Small-caps -ditto!

Links...

10yr Interest Rates -still veery low

Labor Force Participation Rate (10 year chart)

Fear & Greed Index -still at extreme fear

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

Commodities/Futures (charts):

Crude Oil dropped again, closing near 15.74!

Gold was up, closing near 1740 -back over $1700

The US Dollar was up a bit, closing near 100.20

The 30 year Bond was up, closing near 181.59

News:

Cramer’s week ahead: This earnings week will be a ‘tougher test’

Making sense of a stock market just 16% off its high while a pandemic costs 26 million jobs

Why oil prices just crashed into negative territory — 4 things investors need to know

You don't have to spend $1,000 on a phone anymore

iPhone SE outclasses all Android phones thanks to Apple's A13 chip

China’s National Blockchain Will Change the World

Stock Market update -Apr 19

The market was up again this week as we continue to recover from the Coronavirus crash. Many traders though, think this is just a rally/retracement in a downtrend -we'll see.

The big banks reported earnings last week, giving up a little ground. Next week we get Airlines, IBM, and others like AMZN, NFLX, TSLA, INTC...

AMZN skyrocketed this week to new all time highs

NFLX did the same!

WMT and ABT hit new all time highs too...

Bonds were up, Gold pulled back a bit, And Oil continues to fall, now below $20!

Crude Oil drops below $15! Futures squeeze? Expiration in a couple days...

Coronavirus live updates: Global deaths top 160,000; Singapore reports record 942 new cases

NYC coronavirus deaths near 13,000 — but daily toll is going down

S&P 500 market crash recovery (chart)

...going higher?? could hit resistance here

High yield Corporate Bonds -holding up so far (5yr chart)

Investment grade Corporate Bonds -(5yr chart)

Market concerns: Coronavirus... low Oil prices... debt... Earnings

Pops: AMZN, NFLX

Drops:

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

I expect in time we will see this skyrocket with all the new debt being added.

Unemployment claims skyrocket

22 million Americans have filed for unemployment benefits in the last four weeks

S&P 500 chart -the rally continues

Bonds are higher -chart (link)
10yr rates are lower (chart)

New all time highs: AMZN, NFLX, WMT, ABT. LLY,

All time lows: CHK...

Options watch: S&P 500 Implied Volatility (CBOE VIX) -continuing to pull back!

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, DIS, FB, MU, NFLX, NVDA, ROKU, TSLA...

Stocks on the move:

Next week:

	M	T	W	T	F
Events:
Earnings:	IBM	CMG, KO, NFLX, LMT	DAL, T, LVS	INTC, LUV, DPZ	AXP, AAL

A blast of earnings news is coming, but the market may be more focused on when the economy will reopen

This week's charts:

$NYA -NYSE Composite -indecision

(IWM) Small-caps -ditto!

Links...

10yr Interest Rates -still veery low

Labor Force Participation Rate (10 year chart)

Fear & Greed Index -still at extreme fear

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

Commodities/Futures (charts):

Crude Oil dropped again, closing near 18.12 -now below $20!

Gold dropped, closing near 1695

The US Dollar was flat, closing near 99.77

The 30 year Bond rallied, closing near 180.31

News:

Dow jumps 700 points on hope for a coronavirus treatment, closes at highest level since March

The stock market is rising on hope for a pharma solution to coronavirus — here’s how close we are

Biotech stocks surge as people are ‘hungry’ for good news on the coronavirus

The PPP Is Out of Money. Here's Plan B

Trump and protesters pressure governors to start reopening the states
Opinion: ‘Sell in May and go away’ is a warning to stock investors now more than ever

Best Buy to furlough about 51,000 employees as coronavirus-related sales surge ends

24 Hour Fitness weighs bankruptcy as coronavirus pushes fitness industry to brink

U.S. oil futures settle at lowest since early 2002, pummeled as storage fears grow

Stock Market update -Apr 12

Big rally this week as we recover from the gigantic drop we saw in March! We're still in no mans land here, and could go either way this week. Longer term, we've seen a lot of damage to the multiyear up-trend...

The Coronavirus continues to wreak havoc in New York and other cities, though we may be seeing it start to taper off...

The government continues to throw even more trillions in money at this problem...
The 30 year Bond was mostly flat, as Oil recovered a bit, as did Gold.

S&P 500 market crash recovery (chart)

...may be topping here?

High yield Corporate Bonds recovered a bit (5yr chart)

Market concerns: Coronavirus... low Oil prices... debt...

Pops:

Drops:

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

I expect in time we will see this skyrocket with all the new debt being added.

S&P 500 chart -nice rally -still indecision at this level

Bonds -chart (link)
10yr rates (chart)

New all time highs: AMT CHWY DLR

All time lows: ...

Options watch: S&P 500 Implied Volatility (CBOE VIX) -pulling back!

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, DIS, FB, MU, NFLX, NVDA, ROKU, TSLA...

Stocks on the move:

Next week:

	M	T	W	T	F
Events:
Earnings:		JNJ, JPM, WFC	BAC, C, MS, GS, PNC, UNH	ABT, ISRG, RAD

This week's charts:

$NYA -NYSE Composite -nice rally this week

(IWM) Small-caps -ditto!

Links...

10yr Interest Rates -still veery low

Labor Force Participation Rate (10 year chart)

Fear & Greed Index -still at extreme fear

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

Commodities/Futures (charts):

Crude Oil dropped a bit, closing near 23.19

Gold rallied, closing near 1740 -now above 1700!!

The US Dollar was down a bit, closing near 99.61

The 30 year Bond dropped further, closing near 178.43

News:

16 million people just got laid off but U.S. stocks had their best week in 45 years

Cramer’s week ahead: Washington is ‘willing to spend big to keep this economy afloat’

Fed Is Seizing Control of the Entire U.S. Bond Market

Federal Reserve announces $2.3 trillion in funding for households, local governments

U.S. coronavirus deaths top 20,000, highest in world exceeding Italy: Reuters tally

Banks and health care companies will report earnings, but virus updates will matter most in week ahead

Column: Why did the stock market rally on awful unemployment news?

Gold prices soar to 7.5-yr. high as Fed drops "atomic bomb"

Stock Market update Apr 5th

The market pulled back early in the week, then recovered to close the week still a little lower. We're now in that indecision zone where we could go either way from here.
The Coronavirus continues to wreak major havoc in New York.
Early market close on Good Friday.

The government continues to throw trillions in money at this problem...
The 30 year Bond was mostly flat, as Oil recovered a bit, as did Gold.