Stock Market update Jul 12

The market (SPX) moved up again this week, maybe working its way up to fill the gap from early June.  The Nasdaq took out the same Jun high weeks ago, and by a wide margin! Tech shares have been on fire, along with TSLA. This week kicks off earnings season, with some of the major banks reporting, as well as NFLX on Thursday. 
We continue to see huge increases in Coronavirus cases.

AMZN topped $3200 per share this week!
Gold continues to rally.

What was up this week: AMZN, NFLX, TSLA, and more
What was down this week: 

Coronavirus live updates   Coronavirus maps
Florida reports more than 15,000 new coronavirus cases, shattering record




S&P 500 market crash recovery (chart) ...rangebound?


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:   AMZN, GOOGL, MRVL, NET, NFLX, NVDA, TSLA, ZM, and 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, TSLA...


Next week:     
MTWTF
EARNING:PEP, JPM, C, WFC, DAL, FASTGS, PNCBAC, MS, JNJ, NFLXBLK
Events:





This week's charts:




$NYA -NYSE Composite  -steady 
 (IWM)   Small-caps -ditto



Links...
10yr Interest Rates  -still veery low
Gold was up, closing near 1807 -now over $1800
The US Dollar was down a bit, closing near 96.40
The 30 year Bond was up, closing near 179.84

News:



Posted by 123Trader

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)