Stock Market update

Coronavirus cases worldwide top 10 million with nearly half a million deaths — and 25% are in the US

S&P 500 market crash recovery (chart) ...breaking the up-trend?

High yield Corporate Bonds (HYG) (2yr chart)

Investment grade Corporate Bonds (LQD) (2yr chart)

Market concerns: Coronavirus... Unemployment?

Pops:

Drops:

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: DOCU, ETSY, FSLY, OKTA, SQ, SPOT, TWLO, PTON, ZM and more...

All time lows: LK

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

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, TSLA...

Stocks on the move: INO, IBIO, nvta, PLUG, VXRT, and more

Next week:

	M	T	W	T	F
EARNING:	MU,	FDX,	GIS,	,
Events:

This week's charts:

$NYA -NYSE Composite -pulled back to support

(IWM) Small-caps -pulled back too

Links...

10yr Interest Rates -still veery low

7 reasons the stock market may face a severe bout of turbulence next week and beyond...

ETFs - Ranked by Volume
S&P 500 Sector performance -

Commodities/Futures (charts):

Crude Oil was down a bit, closing near 38.16

Gold was up, closing near 1784 -approaching $1800

The US Dollar was flat, closing near 97.44

The 30 year Bond was up, closing near 179

News:

Americans Hold Huge Pile of Cash That’s Key to Economic Recovery

Wirecard files for insolvency after ex-CEO arrested in $2 billion scandal

Coca-Cola pauses advertising on all social media platforms globally

Verizon is pulling advertising from Facebook and Instagram

Microsoft is closing all of its stores

TVIX Gets Delisted A Few Days After It's The Most Added Security On Robinhood

Stock Market update -Jun 21

We got a bit of a comeback rally from the huge prior week drop, but with the trend dropping as the week closed out. The Fed announced even more programs to prop up weaker companies, and Robinhood traders continue to make the news as driving a lot of the gains in beaten down companies, even companies that have filed for bankruptcy like HTZ. We live in interesting times...

Hertz tried to sell stock after going bankrupt. Here's what that tells us

What was up this week: Oil, Gold, US dollar,

Gold could be set for a breakout from the recent trading range.

What was down this week: ,

U.S. reports 30,000 daily coronavirus cases, highest number since May 1

As the country started re-opening since Memorial day, we are now seeing an increase in the number of Covid cases.

S&P 500 market crash recovery (chart) ...recovering from last week's losses

High yield Corporate Bonds (HYG) (2yr chart)

Investment grade Corporate Bonds (LQD) (2yr chart)

Market concerns: Coronavirus... Unemployment?

Pops:

Drops:

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: AAPL, ADBE ,MSFT, NET, LOW, PDD, SQ, SHOP, SPOT, PYPL, TMUS, and many more

All time lows:

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

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:	,	,	,	NKE,
Events:

This week's charts:

$NYA -NYSE Composite -big pullback this week

(IWM) Small-caps -ditto

Links...

10yr Interest Rates -still veery low

Dow stages nearly 600-point U-turn as Apple says it will temporarily close some stores amid spike in coronavirus cases

ETFs - Ranked by Volume
S&P 500 Sector performance -

Commodities/Futures (charts):

Crude Oil was up, closing near 39.43

Gold was down, closing near 1756 -holding above $1700

The US Dollar was up a bit, closing near 97.64

The 30 year Bond was down a bit, closing near 177.43

News:

Brazil tops 1 million Covid-19 cases. It may pass the US next, becoming the worst-hit country on the planet

Robinhood increases guardrails on options trading in the wake of a customer suicide

Shopify goes after Amazon with new Walmart deal

HHS Doled Out $50 Billion to Firms Accused of Medicare Fraud (2)

Stock Market update -Jun 14

The market did a huge drop on Thu after the Fed made had their meeting on Wednesday. The media blamed the drop on an increasing number of Covid cases. Funny how those cases only became important after the Fed meeting -regardless, the market dropped -no one ever really knows why.

We also saw the Nasdaq close above 10000 for the first time.

We have another Fed event this Wednesday.

What was up this week: , Bonds, US dollar,

What was down this week: Stocks ,

S&P 500 market crash recovery (chart) ...pulled back this week

High yield Corporate Bonds (HYG) -pulled back (2yr chart)

Investment grade Corporate Bonds (LQD) -ditto (2yr chart)

Market concerns: Coronavirus... Unemployment?

Pops:

Drops:

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: ADBE, DOCU, PDD -short list

All time lows:

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

7 Earnings Reports to Watch Next Week

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:	,	ORCL,	,	,
Events:

This week's charts:

$NYA -NYSE Composite -big pullback this week

(IWM) Small-caps -ditto

Links...

10yr Interest Rates -still veery low

Dow closes nearly 500 points higher as stocks make partial rebound from worst day in three months

ETFs - Ranked by Volume
S&P 500 Sector performance -

Commodities/Futures (charts):

Crude Oil was down, closing near 35.01

Gold was down, closing near 1738 -back above $1700

The US Dollar was up, closing near 97.18

The 30 year Bond rallied, closing near 178.03

News:

Cramer’s week ahead: This is the ‘most overbought market in history’

Fed Warns of High Downside Risks

Total U.S. debt surges to $55.9 trillion amid big increases in corporate and government borrowing

Starbucks is closing up to 400 stores and expanding takeout options

Robinhood traders cash in on the market comeback that billionaire investors missed

Bankrupt Hertz gets approval to sell up to $1 billion in stock — but experts expect equity to be wiped out

Stock Market update -Jun 7

The big market even this week was the rally on the Jobs report on Friday, where the numbers were shockingly the opposite of what was expected by all the 'experts'. BTW, the BLS noted that there was an error in the calculation (by about 5 million!), but few people noticed. We saw about a 200 point swing from low to high in the S&P futures this week. Bonds dropped this week!

Economists Have Biggest Miss Ever in U.S. Jobs-Report Shocker

U.S. regains 2.5 million jobs in May, unemployment falls to 13.3%...

Ex-acting Labor secretary defends BLS in the wake of jobs report misclassification error

Huge demonstrations against racism take to the streets around the world over George Floyd killing

What was up this week: Stocks, Oil

What was down this week: US dollar, Bonds, Gold

Confirmed coronavirus cases are rising faster than ever

S&P 500 market crash recovery (chart) ...broke out higher

High yield Corporate Bonds (HYG) -continued to move higher (2yr chart)

Investment grade Corporate Bonds (LQD) -ditto (2yr chart)

Market concerns: Coronavirus... Unemployment?

Pops:

Drops:

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: AAPL, ADBE, ECL, JD, FAST, PDD, SWKS, TTD, UNH, HD, and more

All time lows:

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

7 Earnings Reports to Watch Next Week

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:	,	,	,	ADBE, LULU
Events:

This week's charts:

$NYA -NYSE Composite -another big rally this week

(IWM) Small-caps -ditto

Grayscale Ethereum Trust -popped this week!

Small Caps -Pushing the markets higher with overnight gaps, using Futures...

Small Caps...

Bonds dropped this week...

Links...

10yr Interest Rates -still veery low

Dow ends over 800 points higher after May jobs surprise

ETFs - Ranked by Volume
S&P 500 Sector performance -

Commodities/Futures (charts):

Crude Oil was up again, closing near 38.97

Gold was down, closing near 1688 -dropped below $1700

The US Dollar was down again, closing near 96.75

The 30 year Bond dropped, closing near 172.62

News:

Look for the S&P 500 to turn positive for the year with a boost from the Fed in the week ahead

How the U.S. dollar’s ‘almost silent slide’ is juicing the stock-market rally

The stock market is off the rails

‘Bored’ Millennial Day Traders Boost Airline ETF’s Assets 2,930%

Quant Funds Dump Treasuries Positions Adding to Selloff

Opinion: ‘You should be nervous!’—legendary money manager slashes stock market exposure from 55% to 25%

Zoom's revenue soars 169% as people flock to service during pandemic

Lenovo Will Sell Ubuntu on More ThinkPads, ThinkStations This Summer

Stock Market update -May 31

Mostly flat this 4 day week after we got a weekend pop on Sun/Mon night. The Nasdaq 100 closed near the all time highs, recovering pretty much all the losses from the Coronavirus pandemic selloff! If we push higher this week, we will probably see 3100 on the SPX.

Lots of divergence on the indexes, with the Nas100 near all time highs, while the Small Caps and broader NYA are still struggling near a recovery of only 50%.

Bonds & Gold were still sort of in a trading range, and Oil continued to recover a bit higher.