Stock Market update Nov 22

More sideways movement in the market this week... The small-caps though gapped up on Sunday night and held the highs. 

Bitcoin saw a huge rally, now approaching the prior all time high.


What was up this week:  
What was down this week:  



S&P 500 March market crash V recovery (chart) -holding up

High yield Corporate Bonds (HYG)  (2yr chart) -holding near all time highs
Investment grade Corporate Bonds (LQD)  (2yr chart) -ditto



Market concerns:  Coronavirus... Unemployment? 
Over $27 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:   AMAT, BILI, CL, LRCX, PLTR, ROKU, TGT, XPEV, UBER, YUMC, ZEN & more
Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -low end of the range
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:
BBY, DLTR
, , 
Events:




This week's charts:

Strong Bitcoin rally!


$NYA -NYSE Composite  -almost back to the Feb high
 (IWM)   Small-caps -new all time highs!



Links...
Gold dropped a bit, closing  around 1870
The US Dollar was down a bit, closing near 92.25
The 30 year Bond was up, closing near 174.22

News:

Tesla stock jumps on carmaker’s addition to the S&P 500



1 comment:

admin said...

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