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.


S&P 500 market crash (chart)

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

Market concerns:  Coronavirus... low Oil prices
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  -indecision at this level
Bonds   -chart (link)
10yr rates  (chart)


All time lows:  lots...  


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


Next week:     
MTWTF
Events:

Earnings:





This week's charts:


$NYA -NYSE Composite  -trying to recover

 (IWM)   Small-caps -ditto!


Links...
10yr Interest Rates  -still veery low
Fear & Greed Index  -still at extreme fear
ETFs - Ranked by YTD % Change  -or by Volume
S&P 500 Sector performance

Crude Oil recovered some of the losses, closing near 26.25
Gold was higher, closing near 1649 -now holding above 1600!!
The US Dollar was up, closing near 100.85
The 30 year Bond dropped further, then rallied a bit, closing near 181.53

News:
Dow closes out the worst first quarter in history: March 31, 2020



Posted by 123Trader

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