Earnings pops: DIS, JDSU, CMG, PNRA, TM, TTM
CSCO dropped after reporting earnings -also EXPE.
New all time highs: AAPL, BIDU, CAT, CMG, CLX, COST, DIS, EL, EMR, GMCR, ILMN, INTU, IWO, LULU, NFLX, OXY, RAX, ROST, TJX, UTX, XRT (retailers!)
New all time lows: QID, SDS, BGZ, TZA, etc -all the inverse index ETFs!
New unemployment claims dropped under the 400k level to 383,000! (chart).
This week, four more banks were shut down by the FDIC! (list).
Next week: (Economic reports link). Options expiration on Friday!
Also, earnings reports are starting to wind down. Companies reporting include:
Mon:
Tue: DELL
Wed: DE, NTAP, NVDA
Thu: ABX
Fri: CHK
Market commentary: The rally continues, with lots of options traders 'short' the market going in to expiration week. We could see more short covering again, driving the market even higher!
Could this be keeping the SPY up??
IWM is approaching the pre-crash high of 2007! QQQQ took out that high at the beginning of the year; likewise for the MDY, which continues to hit all time highs.
Commodities (charts):
Oil prices dropped, closing just under $87.60 per barrel.
Natural Gas dropped again, closing just under $4.00.
Gold was up, closing around $1363.
The 30 year Bond stabilized, closing near $118'13.
The US Dollar was up, closing near 78.5.
Copper, Cotton, and Sugar prices continue to escalate!
News:
A new high for the stock market?
How High (or Low) Could the Stock Market Go?
Apple's Mini 'Flash Crash' Today
Cramer: 20 Must-Watch Earnings Next Week
IMF calls for dollar alternative
Our dollar, China's $2 trillion problem
Good news. Yield ahead!
5 Ominous Signs the Bond Bubble Is Breaking
JDS-Who? The return of hot tech stocks
Amazon and EMC have their heads in the clouds
Nokia unveils Microsoft partnership
Corn’s rally feeds a ‘global food fight’
Indian stocks may see some relief
China raises rates to battle stubbornly high inflation
New all time highs: AAPL, BIDU, CAT, CMG, CLX, COST, DIS, EL, EMR, GMCR, ILMN, INTU, IWO, LULU, NFLX, OXY, RAX, ROST, TJX, UTX, XRT (retailers!)
New all time lows: QID, SDS, BGZ, TZA, etc -all the inverse index ETFs!
New unemployment claims dropped under the 400k level to 383,000! (chart).This week, four more banks were shut down by the FDIC! (list).
Next week: (Economic reports link). Options expiration on Friday!
Also, earnings reports are starting to wind down. Companies reporting include:
Mon:
Tue: DELL
Wed: DE, NTAP, NVDA
Thu: ABX
Fri: CHK
Market commentary: The rally continues, with lots of options traders 'short' the market going in to expiration week. We could see more short covering again, driving the market even higher!
Could this be keeping the SPY up??IWM is approaching the pre-crash high of 2007! QQQQ took out that high at the beginning of the year; likewise for the MDY, which continues to hit all time highs.
Commodities (charts):
Oil prices dropped, closing just under $87.60 per barrel.
Natural Gas dropped again, closing just under $4.00.
Gold was up, closing around $1363.
The 30 year Bond stabilized, closing near $118'13.
The US Dollar was up, closing near 78.5.
Copper, Cotton, and Sugar prices continue to escalate!
News:
A new high for the stock market?
How High (or Low) Could the Stock Market Go?
Apple's Mini 'Flash Crash' Today
Cramer: 20 Must-Watch Earnings Next Week
IMF calls for dollar alternative
Our dollar, China's $2 trillion problem
Good news. Yield ahead!
5 Ominous Signs the Bond Bubble Is Breaking
JDS-Who? The return of hot tech stocks
Amazon and EMC have their heads in the clouds
Nokia unveils Microsoft partnership
Corn’s rally feeds a ‘global food fight’
Indian stocks may see some relief
China raises rates to battle stubbornly high inflation
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