Stock Market update -Jan 31

Crazy week with the GME short squeeze from the Reddit & Robinhood crowd. We also got earnings from FB, AAPL, TSLA, all of which dropped after reporting. NFLX & MSFT gave back their gains as well.  This helped push the market down to close out Jan with a small loss, but with the worst weekly performance in 3 months.. The VIX also saw a steep rise. The market might be taking a break here, after an extended run.

Next week we get more earnings, including from AMZN & GOOGL. And we also get the monthly Jobs report on Friday.  And maybe more fallout from the GME saga.

What was up this week:  GME!

What was down this week:  



S&P 500 -broke the uptrend (chart) 

High yield Corporate Bonds (HYG)  (2yr chart) -holding up 
Investment grade Corporate Bonds (LQD)  (2yr chart) -topping?  

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

New all time highs:   ABT, DGX, MRNA, IPOE, LLY, SWKS
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
Earnings:TMO, AMZN, GOOGL. CMG
AMGN BABA, PFE, UPS, XOM, BP, 		ALGN, ABBV, BIIB, EBAY, QCOM, PYPLGILD, MRK, REGN
Events:

Jobs


This week's charts:


$NYA -NYSE Composite  -pulled back this week
 (IWM)   Small-caps -ditto


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