Stock Market Blog -Apr 28th

The market displayed a little strength this week, but we could be seeing a double top in the making. Bonds rallied, maybe indicating more weakness to come in the equity market. The GDP report was a disappointment as well.

New all time highs:   BIIB, CERN, COST, D, DLPH, GNC, SNH, TRIP, TSLA
All time lows:
Pops:  BA, NFLX  -Drops:  AMGN, EXPE

Next week: Economic reports  Fed meeting next week, and the monthly Jobs report on Friday.
Earnings reports: 
Mon -HLF, NEM
Tue -DDD, PFE
Wed -CHK, FB, HUM, MA, MRK, V
Thu -GM, LNKD
Fri - 

Market Commentary

 
With earnings season well underway, the market is starting too show some signs of uncertainty, and we could see more weakness next week. The longer term up-trend is still intact.

This week's charts:

Weekly Unemployment claims
S&P 500 -forming a double top?
OptionsMakeSense

Commodities/Futures (charts):
Crude Oil was up, closing near $92.62
Natural Gas was up, closing near $4.26
Gold was up, closing at $1467
The 30 year Bond was up, closing near $149.1
The US Dollar dropped a bit, closing near 82.38

NEWS:
Rally Grinds On, Despite Disappointing GDP
The S&P 500's Most Shorted

Stock Market Blog -Apr 7th

This week we saw a pullback in the market, helped  further by the very disappointing monthly Jobs report on Friday. Bonds rallied again this week. The Yen dropped further as the Bank of Japan announced more money printing.

New all time highs:   D, PNRA, SCG, SPG, TSCO, VTR
All time lows: MWW
Pops:    -Drops:  FFIV

Next week: Economic reports 
Earnings reports: 
Mon - AA
Tue -
Wed -
Thu -
Fri - JPM, WFC

Market Commentary

 
Looks like we may be setting up for for a Q2 pullback after this week's market action. Earnings will probably be the catalyst to move the market next. As simple as it sounds, 'buy low and sell high' works. With the market at these levels, the odds favor a pullback here. Time to 'sell high' or take profits here maybe.

Losing momentum...

This week's charts:

Weekly Unemployment claims
S&P 500 -rally still on?
OptionsMakeSense

Commodities/Futures (charts):
Crude Oil was dropped, closing near $92.70
Natural Gas was up, closing near $4.12
Gold was down, closing at $1575 -still below 1600
The 30 year Bond rallied strongly, closing near $148
The US Dollar dropped a bit, closing near 82.60

NEWS:
Wall Street Week Ahead: Earnings next hurdle for bulls as rally slows
Earnings are 1st big stock test since market high
US Job Creation Plunges, but Rate Drops to 7.6%
Weekly Jobless Claims Get Weaker as Outlook Dims
 How To Be Protected Before The Next Market Crash

Facebook Phone App Could Be Headache for Google
10 things Apple won’t tell you
Fannie Mae Reports $17.2 Billion Annual Profit
Gold Rallies as Weak US Jobs Data Affirms Fed Easing
Ding Dong, The Yellow Metal Is Dead!

Stock Market Blog -Mar 31st

We closed out the 1st quarter with one of the best gains in the market in many years!

New all time highs:   AMGN, AXP, BIIB, CELG, DTV, GIS, GILD, CMCSA, JNJ, PSX, V, VMED, ETC.
All time lows: --
Pops:    -Drops: 

Next week: Economic reports 
Earnings reports: 

Market Commentary

 

This week's charts:

Weekly Unemployment claims
S&P 500 -rally still on!
OptionsMakeSense

Commodities/Futures (charts):
Crude Oil was up again, closing near $96.89
Natural Gas was mostly unchanged, closing near $3.99
Gold was down, closing at $1598 -below 1600 again
The 30 year Bond was up, closing near $144.35
The US Dollar was up a bit, closing near 83.30

NEWS: