Stock Market Blog -Sep 26th

We closed out the week with a big rally on Friday. September looks like it will be a good month after all (seems like the bears lost this round). This week felt like 1999 again, as we saw big rallies in tech stocks like AAPL, AMZN, BIDU, NFLX, PCLN, and QCOM.

New all time highs: AAPL, CMG, DTV, FFIV, NFLX, AMZN, BIDU, MO, MVL, NKE, PRGO,RAX SLW, and GLD & SLV, ANV!

All time lows: QID

Shares in ADBE plummeted this week.
Blockbuster filed for Chapter 11 bankruptcy

Commodities are still rallying!


New unemployment claims were up this week to 4650,000 (chart).
This week, two more banks were shutdown by the FDIC! (list).

Next week: (Economic reports link). On Friday we get the all import monthly jobs report. This week's reports also include a GDP number.

Market commentary: Looks like we did get a continuation of the recent rally that I mentioned in last week's post. We've been in rally mode almost non-stop since September 1st, so I expect a pullback at sometime, probably after we close out September next week.

Looking for high yield? Take a look at: PFF, HYG, JNK, maybe NLY?

Commodities (charts):
Oil prices were up, closing near $76.50 per barrel.
Natural Gas was mostly flat, closing just under $4.00.
Gold closed at an all time high again, around $1296.
The US Dollar index was down, closing under 80!
The 30 year Bond saw little net change, closing just under $132.

News:
U.S. stocks rally to score fourth week of gains
Longest U.S. Slump Since '30s Ended in June '09, Group Says
Apple clobbers the competition
Blockbuster files for Chapter 11
How Netflix (and Blockbuster) Killed Blockbuster
Gold ends at record high, taps $1,300
U.S. retirement income deficit: $6.6 trillion