Stock Market update -Sep 26

 Big drop on Monday, which turned out to be a flush, after the prior 2 weeks of selling! We got a big rally for the rest of the week, but still closed just under the 20MA -possibly setting up for another drop. We'll see...

Bonds dropped -still trending that way since early August -so higher rates for now. 

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

What was up this week:  ,  

What was down this week:  FDX

S&P 500 -nice rebound seen last week (chart) 


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

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:   CRM, CAR, SNAP, TMO, TXN, MCD, LNG,  
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:,MU, , , , , , , , 
Events:

 

This week's charts:  






$NYA -NYSE Composite  -sideways since May
 (IWM)   Small-caps -sideways since February!

Links...
Gold dropped, closing  around 1750, well below 1800!
The US Dollar was choppy, closing near 93.26
The 30 year Bond dropped, closing near 161.03

News:

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