Stock Market update -Jun 28

We pulled back again this week closing near the recent lows, which could act as support... or not. We have a shortened trading week as the markets close on Friday for the July 4th holiday. Thursday we'll get the much anticipated monthly Jobs report -could be a market mover. Covid cases seem to be rising again...

What was up this week: 
Gold could be set for a breakout from the recent trading range.
What was down this week: 

Coronavirus live updates   Coronavirus maps
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!
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:     
MTWTF
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
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:

Posted by 123Trader

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