The US Dollar gave back some of its earlier gains. Watch for possible action in the dollar after this weekend's G-20 summit.
New all time highs: AMZN, BIDU, MCD, MO
PCLN hit a new 2 year high.
New all time lows: Same as before! The leveraged index ETFs.
New weekly unemployment claims dropped to 452,000 (chart).This week, seven more banks were shutdown by the FDIC! (list).
Next week: (Economic reports link). GDP is among the economic reports due next week. Also, earnings season continues, with the following companies among those reporting:
| Mon | AMGN, TXN |
| Tue | CMI, DD, F, X, BRCM, FFIV, |
| Wed | COP, DB, ODP, ESRX, GG, PG, V |
| Thu | ABX, MMM, XOM, EGO, MSFT |
| Fri | CVX, MRK, |
Market commentary: No change in the market's upward trend. I continue to believe the market will probably turn down when the US dollar starts to rebound, which could be soon.
Commodities (charts):
Oil prices were mostly unchanged, closing near $81 per barrel.
Natural Gas dropped again, closing at a new low around $3.33. No bottom yet!
Gold dropped and broke its upward trend, closing around $1328.
The US Dollar index was up a bit, closing around 77.60.
The 30 year Bond was up slightly, closing near $132.
News:
Stocks end day mixed, slightly higher for week
China hikes interest rates
Yields on 30-Year Treasuries Rise Most in 14 Months on Inflation Prospects
Earnings to take spotlight next week
Foreclosures: Next shoe to drop for banks?
AIA’s IPO pricing boosts AIG turnaround plan
Mortgage Mess: Shredding the Dream
How the Foreclosure Fiasco Threatens the Economy
The amazing Amazon stock bubble
Gold-miner ETF fails to break 2008 peak
Coca-Cola 3Q net income rises 8.4 percent
Wells Fargo earnings top expectations
Bank of America Reports $7.3 Billion Loss, Citing Charges
The nation tires of Wall Street ‘justice’
The dollar disaster in one picture
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