All time highs: ABX, AEM, CAT, CEF, CMI, CY, DRI, FDO, FFIV, GLD, KMX, LTD, MCD, RAX, SINA, SLW, SLV, TCK, TIF, UNP, WIN, WLT, XRT (retailers!)
ALL TIME LOWS: SDS, QID, TZA -leveraged market indexes! Avoid these things.
25 High Growth Stock Being Chased by the Smart Money
New unemployment claims for the week rose unexpectedly to 436,000 (chart).This week, no banks were shut down by the FDIC! (list).
Next week: (Economic reports link). Consumer spending reports and Consumer sentiment...
Market commentary: This week the market rallied to a resistance level near 1227 on the S&P500 and 2593 on the NASDAQ. Next week will tell us whether the market will bounce off this level, or continue to go higher. I'm looking for a year-end rally maybe.
The RSI indicator suggests some divergence though. Volume is also low.
Commodities (charts):
Oil prices were up again, closing near $89 per barrel.
Natural Gas was mostly unchanged, closing near $4.40.
Gold was up near its all time high, and closed around $1414.
The 30 year Bond was down as stocks rallied, closing near $125'20.
The US Dollar index was down, closing around 79.20.
News:
Stocks pull higher after payrolls data questioned
A Joyless Jobless Report
Loss of jobless benefits could be serious blow to U.S. economy
Dow transports gain, industrials to follow
Bernanke on '60 Minutes': Grim outlook for jobs
China’s Gold Imports Soar Almost Fivefold on Inflation Concern
Gold’s a veteran performer; other metals are rising stars
Top Seven Most Profitable Gold Stocks
Investing in Silver in 2011
Only one of the PIIGS matters. S is for Spain.
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