Stock Market Blog -Nov 28th

This was a slow, directionless week in the market, though we also got a good Unemployment claims number on Wednesday. In commodities, Oil and Natural Gas were up, and so was the US Dollar!

CRM continued to hit all time highs!
Other all time highs: AAP, AZO, APKT, CAT, CMG, DECK, DLM, DLTR, FFIV, NFLX, ROST

10 Super-Fast Growth Stocks With Explosive Returns


New unemployment claims for the week dropped to 407,000 (chart).
This week, three banks were shut down by the FDIC! (list).
...Whitney sees 5,000 bank branches closing

Next week: (Economic reports link). The big monthly jobs report will be released on Friday.

Market commentary: Not much action last week, but we could see some movement next week as we approach year end. Of the major indexes, the QQQQ and IWM seem to have a positive bias. The SPY and DIA appear to be consolidating, and could follow the QQQQ and IWM upward. Of course the consolidation could also break to the down side. The long term trend is still to the 'up' side however.


Commodities (charts):
Oil prices were up, closing just under $84 per barrel.
Natural Gas rallied again, closing near $4.40.
Gold was up a bit, and closed around $1362.
The 30 year Bond was mostly unchanged, closing near $127'17.
The US Dollar index was up again, closing around 80.40.

News:
Stocks end with a bang after jobless claims drop
Too much borrowing puts U.S. at risk: Bair
Irish bailout $112.5 billion