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...

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: , 

Coronavirus live updates   Coronavirus maps
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!
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
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
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:

Posted by 123Trader

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