Stock Market Weekly -March 20th

After this multi-week selloff, we finally got the big rally, triggered in my opinion by a confluence of events last week: VIX futures expiration (Tue), Fed rate hike (WED), and Quarterly Options expiration (FRI) -wiping out all the bearish Puts!  That's not to say that the downtrend is over -only time will tell.

VXX -A $905 Million VIX Note Goes Wild After Barclays Halts Sales

What Advisors Need to Know About Barclays Suspending VXX, OIL


VIX dropped, as did Bonds & Gold. Oil dropped then rallied, closing over $100 again.  

What was up this week:  China stocks, Nasdaq 100

What was down this week:  , 


S&P 500 - huge rally (chart link) 
Could stop here, or could make it up to the prior highs


High yield Corporate Bonds (HYG)  (2yr chart) -big rally
Investment grade Corporate Bonds (LQD)  (2yr chart) -same 



Market concerns:   Inflation, Rising Rates, Russia/Ukraine...  
Over $30 Trillion in debt!  See Debt Clock on the left, or here... 

New all time highs:  ABBV, ANTM, BRK.B, DLTR, DE, UNH, LLY, DE, BMO/RY, and more...
All time lows:    , and more
Stocks on the move (link)    -China stocks

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -HIGH end of the range
ETFs SPY, IWM, QQQ, GLD/SLV, USO, XOP, VXX, XLF, XLE, FXI, EEM EWZ, 

Stocks AAPL, AMD, BAC, BABA, DIS, FB, MSFT, NFLX, NVDA, T, TSLA...

Next week:      
MTWTF
Earnings:NKE, ADBE
NIO, 
Events:




This week's charts:  






VIX dropping



Russian Ruble


$NYA -NYSE Composite  -big rally
 (IWM)   Small-caps -big rally to possible resistance level

Links...
ETFs performance - Ranked by  Volume
S&P 500 Sector performance -

Commodities/Futures:  
Crude Oil  was flat, closing near 105.10, over 100!
Gold dropped, closing around 1921
The US Dollar was down, closing near 98.22
The 30 year Bond was down, closing near 152.31

News:

Microsoft dives into Web3 with investment in Ethereum co-founder’s start-up ConsenSys

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