Stock Market update

 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)  (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. 700,000 US deaths!
Over $28 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:   few stocks of significance
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:,PEP, , , , , , , , 
Events:

Jobs report 

This week's charts:  






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

Links...
Gold was up a bit, closing  around 1758, well below 1800!
The US Dollar was up, closing near 94.05
The 30 year Bond dropped again, closing near 160.34

News:

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