S&P 500 And Nasdaq Hit Record Highs

Market Indices

Market Indexes:

The and indexes hit record highs again this week, for a fifth straight week of gains.

“Increasing optimism on the trade front and mostly better-than-expected earnings have driven the recent record run in stocks. Of the 446 S&P 500 companies that have reported results so far, roughly three-quarters have beaten profit estimates, according to IBES data from Refinitiv. The numbers, to some extent, reflect significantly lowered analysts’ forecasts.” (Reuters)

Market Indexes

This Week’s Options Trades:

We added a new 10%-plus yielding covered call and 2 high yield put-selling trades for AAPL to our Public Covered Calls Table and to our Public Cash Secured Puts Table this week.

There are several Covered Call trades with annualized yields above 20%, including CC, CTL, MKC, STX, and several other trades yielding over 20% annualized.

Volatility:

The fell 4.6% this week, ending the week at $12.07.

High Dividend Stocks:

These high yield stocks go ex-dividend next week: BGCP, ETRN, BSM, AHC, ARR, CORR, SBRA.

Market Breadth:

23 out of 30 DOW stocks rose this week, vs. 26 last week. 62% of the S&P 500 rose, vs. 66% last week.

FOREX:

The US $ rose vs. most major currencies this week.

USD Weekly Performance

Economic Reports:

“Data released this week shows that the overall US trade deficit continued to widen in the first 9 months of 2019, defying the current US administration’s plan to try to shrink the figure by renegotiating trade agreements.

The trade deficit for both goods and services grew to $481.3 billion in the first three quarters of the year, up 5.4 percent from the same period last year, according to data released by the Commerce Department. Total American exports

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