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!
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:
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
S&P 500 chart -stalled rally?
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!
| 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... |
This week's charts:
$NYA -NYSE Composite -indecision
(IWM) Small-caps -ditto!
Links...
Fear & Greed Index -still at extreme fear
ETFs - Ranked by YTD % Change -or by VolumeS&P 500 Sector performance
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:
Posts
No comments:
Post a Comment