Going forward, we could see further pullbacks, given the rejection twice at the 2950ish level. In the bigger context, this could be the resumption of the big downtrend that started in Feb, followed by the bounce to 2950, and now a continuation of the downtrend. We'll see.
We also have a few more earnings reports this week, including NVDA and many of the big retailers.
This week J.Crew and Neiman Marcus and J C Penney filed for bankruptcy,
Bonds & Gold were flat, and Oil continued to recover from the earlier price disaster.
S&P 500 market crash recovery (chart) ...choppy week
High yield Corporate Bonds (HYG) -holding up so far (2yr chart)
Investment grade Corporate Bonds (LQD) -Fed recovery-(2yr chart)
Market concerns: Coronavirus...
Pops:
Over $25 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.
New all time highs: BILI, CHGG, DKNG, DOCU, ETSY, JD, NVDA, NFLX, NET, PTON, TEAM, SHOP, WIX
All time lows:
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 -consolidating
(IWM) Small-caps -ditto
Links...
ETFs - Ranked by Volume
S&P 500 Sector performance -
S&P 500 Sector performance -
Crude Oil rallied nicely again, closing near 29.65
Gold saw a nice rally too, closing near 1754 -holding over $1700
The US Dollar was up a bit, closing near 100.38
The 30 year Bond was up, closing near 180.78
News:
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