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Showing posts from October, 2021

Stock Market update

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 Another 'up' week for the S&P, with some volatility sprinkled in, and making new all time highs once more (except for the Nasdaq100 and the Small-caps).   Big tech companies report earnings next week, along with many other high profile companies as we close out October! Bonds dropped again -trending that way since early August -so higher rates continue.  Oil was up again, Gold is trying to rally, and the Dollar was down.  Bitcoin continued to power higher, setting new all time highs once more. VIX Index Closes at Lowest Level Since Beginning of Pandemic What was up this week:  NFLX, TSLA -both hitting all-time highs,   What was down this week: INTC, SNAP,  S&P 500  - recovered!   ( chart )  High yield  Corporate Bonds (HYG)   (2 yr chart ) -pulling back? Investment grade  Corporate Bonds (LQD)   (2 yr chart )  - dropping as well Bitcoin back up at all time highs! Market concerns:  Une...

Stock Market update

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We got a recovery bounce in the SPX last week off the 100MA, and it now sits at the down-sloping 20MA, so possible resistance for this rally. This is an event filled week with the Fed on Wednesday, Oct Options expiration on Friday, CPI & PPI, and not to forget the Evergrande China issue, and the pending $3 trillion plus infrastructure bill. and the start of earnings with the banks. Interest rates continue to rise in the meantime. Bonds dropped a bit more -trending that way since early August -so higher rates contnue.  Oil was up again, Gold was flat, and the Dollar was up. What was up this week:  ,   What was down this week:  ,  S&P 500  - trying to recover   ( chart )  High yield  Corporate Bonds (HYG)   (2 yr chart ) -pulling back Investment grade  Corporate Bonds (LQD)   (2 yr chart )  - dropping as well Market concerns:  Unemployment, Inflation...   Over $28 Trillion in debt! ...

Stock Market update

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 After a rally the previous week, we saw another drop last week in the SPX, tho with the start of a recovery on Friday. Things are still up in the air regarding the $3 trillion plus infrastructure plan, plus we get the monthly jobs report on Friday, so we could see another volatile week. We are probably due for a bounce tho, after the non-stop selling we saw in September. From a a charting standpoint, we are also hovering around the 100MA, a potential turnaround point. Bonds dropped a bit more -still trending that way since early August -so higher rates for now.  Oil was up again, Gold was up a bit, and the Dollar was up. What was up this week:  ,   What was down this week:  BBBY,  S&P 500  -another down week -could bounce from here, off the 100MA  ( chart )  High yield  Corporate Bonds (HYG)   (2 yr chart ) -holding near all time highs Investment grade  Corporate Bonds (LQD)   (2 yr chart )  - dropped a bit ...