Stock Market update -Sep 19

 Another down week for the SPX, closing below the 20MA, and somewhat unexpected based on recent pullbacks.  AAPL, one of the market leaders, continued its two week slide, not helping the indexes.  Of course, the VIX rallied, closing at the high for the month, on Expiration Friday. We'll see what the rest of September brings, and whether we gat a bounce from here, now that options expiration is out of the way..

Bonds were down a bit, trending that way since early August -so higher rates for now. 

Oil was up, while Gold dropped, again! The Dollar was up.

What was up this week:  ,  

What was down this week: 

S&P 500 -still dropping from the all recent time high (chart) 


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

Market concerns:  Unemployment, Inflation...  new Covid variant still spreading
Over $28 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:    BX, DOCN, DDOG, UPST, NET, TMO, and 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:      Earnings 

MTWTF
Earnings:,ADBE, FDX, GIS, , , COST, NKE, , 
Events:

 

This week's charts:  






$NYA -NYSE Composite  -pulled back from all time highs!
 (IWM)   Small-caps -sideways since February!

Links...
10yr Interest Rates  -falling or rising?
Gold dropped, closing  around 1754, well below 1800!
The US Dollar was up, closing near 93.22
The 30 year Bond was mostly flat, closing near 162.72

News:

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