Stock Market Blog -Oct 27th

The market rally continued this week, with the S&P500 chart approaching the upper end of the price range. The delayed monthly jobs report again showed less jobs created than were expected. On the earnings front, AMZN, BA, F, MSFT, and NFLX all reported great numbers.  Gold rallied, Oil finally dropped under $100, Bonds were up, and the US Dollar dropped.

The debt clock (on the left) is now over the $17,000,000,000,000 mark!

New all time highs:    IWM, SPY -AXP, AMZN, BA,CMCSA , COP, DAL, DIS, CMG, FDX, GILD, GOOG, LOW, V, XLY, and more...
All time lows:  ... 

Pops:  AAP, AMZN, GLW, MSFT, ZNGA   Drops:  AKAM, CREE, CAT, NFLX,

Next week: Economic reports   Fed meeting!
 Earnings next week:

Mon - AAPL, BIIB, MRK

Tue - AET, BP, BIDU, PFE, LNKD

Wed - FB, GM, V

Thu - AAP, COP, SBUX, MA, NEM, XOM

Fri - CVX

Market Commentary

The rally continues, but we are approaching the high end of the range in this wide 'up-channel'. A flood of earnings reports will help fuel market direction, and possibly news from the Fed  meeting. AAPL reports earnings on Monday, and could move the NASDAQ as well. Look for FB on Wednesday too.

This week's charts:

S&P 500 -All time high!
10yr Interest Rates
Labor Force Participation Rate (10yr chart)

Commodities/Futures (charts):
Crude Oil dropped, closing near $97.85 -finally under $100!
Natural Gas dropped a bit, closing near $3.70
Gold rallied, closing at $1352
The 30 year Bond rallied, closing near $135.35
The US Dollar dropped, closing near 79.24

NEWS:

Wall Street Week Ahead: Focus on Facebook, Apple and the Fed
Stock-market bulls face hurdles in the week ahead
Apple is Monday’s stock to watch as results loom
Why the S&P 500 is beating the Dow
Five warning signs that stocks could be getting too bubbly

$3.5 trillion so far, and more ahead for buybacks
Amazon Stock May Be Up, but the Company Still Doesn’t Make Any Money
Oil rebounds as traditional fundamentals reassert themselves
iPad mini with Retina display nearly double the cost of Google Nexus 7

Stock Market Blog -Oct 20th

The market rallied this week after the Debt Ceiling and the Government shutdown issues were resolved (for now). A huge rally in GOOG helped the NASDAQ as well. Both the S&P500 and the small-cap Russell 2000 (IWM) closed at all time highs! Bonds and Gold rallied too -interesting! Oil dropped.

AMZN, BIDU, CMG, FB, GOOG, and NFLX  hit new all time highs. IBM and UNH dropped after reporting earnings  (This was the sixth quarterly decline in a row for IBM’s revenues ).

New all time highs:    IWM, SPY -AXP, AMZN, BIDU, CELG, COP, CMG, GILD, GOOG, FB, NFLX, SBUX, V and more...
All time lows:  JCP, 

Pops:  AAP, AMZN, GOG, CMG, SNDK   Drops:  ARIA -again, UNH

Next week: Economic reports   Tuesday -overdue monthly jobs report
 Earnings next week:

Mon -DFS, MCD, NFLX, TXN, VMW

Tue - AMGN, TRV, UTX, FCX

Wed - T, BA, CAT

Thu - AMZN, F, MSFT, MMM,

Fri - PG, UPS, SPG

Market Commentary

We got another big rally this week with the S&P500 now hitting all time highs. Next week will be another big week for earnings. As volatility drops back to the low end, maybe we'll see  a setup for another pullback, and a time to book some profits. Some of the DOW stocks are very richly valued too. The gold mining stocks started to lift from a long sell-off this week so keep an eye on them too (or the ETFs like GDX, GDXJ).

This week's charts:

S&P 500 -All time high!
10yr Interest Rates
Labor Force Participation Rate (10yr chart)

Commodities/Futures (charts):
Crude Oil dropped, closing near $100.81 -still over $100
Natural Gas dropped a bit, closing near $3.76
Gold rallied, closing at $1314
The 30 year Bond rallied, closing near $134.09
The US Dollar dropped, closing near 79.72

NEWS:

S&P breaks record, Google's stock tops $1,000 on earnings
Will Earnings Season Kill the Stock Market Rally?
Google tops $1,000 after blowout quarter
Apple's iPad problem: A 27% sales drop
Buckle up: Here come the economic data
JPMorgan close to $13 billion mortgage settlement

Is Nike A Decent Long-Term Buy?
Why Are Solar Stocks Taking Off?
Gas Prices Could Dip Below $3 by Year-End: Lutz
China logs best growth so far this year

Stock Market Blog -Oct 13th

This week we saw a 'V' reversal in the market -let's see if it holds up next week. Gold dropped below $1300 this week, and Oil looks like it wants to dip below $100 finally. The government shutdown continues, and the debt ceiling comes to a head this week. Stay alert!

New all time highs:    AMP, CTSH, COP, STZ, SAVE, WFM

All time lows:  

Pops:  --   Drops:  ARIA, CTXS, MU, YUM

Next week: Economic reports   -Options expiration on Friday -Debt ceiling issue?
 Earnings next week:

Mon -

Tue - C, INTC, KO, JNJ, YHOO

Wed - AXP, BAC, EBAY, IBM

Thu - GOOG, GS, LVS, UNH, VZ

Fri - GE, MS

Market Commentary

Lots of action next week -debt ceiling debacle, earnings reports, and option expiration. We will probably see more volatility. The market saw a strong rally over the past two days -we could see more, or the exact opposite. There really is no way to assess the next move from here, so use the high volatility to your advantage and maybe sell both sides of the market with Iron Condors.

This week's charts:

S&P 500 -what's next?
10yr Interest Rates 
Labor Force Participation Rate (10yr chart)

Commodities/Futures (charts):
Crude Oil dropped, closing near $101.84 -still over $100
Natural Gas rallied, closing near $3.83
Gold dropped below $1300, closing at $1270
The 30 year Bond was mostly unchanged, closing near $132.84
The US Dollar was up a bit, closing near 80.38

NEWS:
Which Stocks Look Ready to Surge or Sink After Earnings Next Week?
Is The Equity Market's Day Of Reckoning Beckoning?

What’s happening in the Treasury bill market today should terrify you

Stock Market Blog -Oct 6

The market was down slightly for the week, as the government shutdown continues. Bonds were mostly unchanged, so was Gold, while Oil rallied a bit. Looks like we're in wait & see mode.  FB is holding up above $50 so far.  TSLA dipped, but rallied back on Friday.  PCLN is holding up above $1000 per share.

DG and DLTR are at all time highs -a reflection of the economy?

New all time highs:    CELG, DG, DLTR, DAL, MYL, STZ, 
All time lows:  JCP

Pops:  --   Drops:  JCP

Next week: Economic reports   
Earnings:  AA kicks off earnings this week. Also COST, YUM, JPM and WFC.

Labor Force Participation Rate (10yr chart)

Market Commentary

We're at a support level here in the S&P500 so we could bounce up from this recent sell-off. October could be a volatile month, especially with earnings around the corner, so be careful. The longer term trend is still up, and we're holding just above the 50MA on the S&P500.

Options Implied Volatility is on the rise, so it's a good time to sell options or option spreads.

This week's charts:

S&P 500 -rally up next, or breakdown?
10yr Interest Rates 
Labor Force Participation Rate (10yr chart)

Commodities/Futures (charts):
Crude Oil was up, closing near $103.84 -still over $100
Natural Gas dropped, closing near $3.50
Gold was down slightly, closing at $1310
The 30 year Bond was mostly unchanged, closing near $132.97
The US Dollar dropped a bit, closing near 80.22

NEWS:
Stocks bounce back after steep slide
Trading Radar: Prepare for Third Quarter Earnings Next Week!
Wall Street digs in for a debt default
Companies are stashing away billions overseas
Forget Apple, Google…this is Nasdaq 2.0
Five years after crisis, families are hoarding cash