We got yet another huge rally early in the week, only to be followed by the worst drop we've seen in 3 months. No surprise... a correction was expected by those that follow the charts. Now we wait to see where it goes next...
AAPL & TSLA split, both followed by a small rally, then a pullback.
Gold was flattish, Oil dropped. Bonds were up a bit.
What was up this week: ,
What was down this week:
S&P 500 market crash V recovery (chart) ...1st real drop since early June
High yield Corporate Bonds (HYG) (2yr chart) -hanging in near the top
Investment grade Corporate Bonds (LQD) (2yr chart) -this one's been dropping
Market concerns: Coronavirus... Unemployment?
Pops:
Over $25 Trillion in debt! See Debt Clock on the left, or here...
New all time highs: ??none of significance!
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: bby, dg, crm, panw
This week's charts:
$NYA -NYSE Composite -pulled back with the rest of the market
(IWM) Small-caps -ditto
Links...
Gold dropped again, closing around 1939 -back under 2000!!
The US Dollar was down a bit, closing near 92.85
The 30 year Bond was mostly flat, closing near 175.5
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