ARUN and DELL popped this week! Solar stocks popped too.This was a strong week for the DOW stocks as well.
All time highs:
New unemployment claims were back up to 410,000! (chart).This week, four more banks were shut down by the FDIC! (list).
Next week: (Economic reports link). Markets are CLOSED on Monday.
Companies reporting earnings include: HD, HPQ, LOW, TGT, WMT,
Market commentary: The rally continued this week, right into options expiration Friday. Next week we could see a pullback.
AAPL sold off on Thursday and Friday -keep your eye on this one. PCLN and NFLX sold off too, as did the auto parts companies (AAP, AZO, ORLY...).
Commodities (charts):
Oil prices dipped, then recovered, closing near $86.20 per barrel.
Natural Gas dropped again, closing near $3.85 -buying opportunity??
Gold was up, closing around $1388.
The 30 year Bond was up, closing near $119'07.
The US Dollar was down, closing near 77.66.
Hyper-caffeinated coffee prices hit 14-year high
Silver rocketed higher this week.
News:
U.S. Stocks Gain a Third Week as S&P 500 Rises to 32-Month High
Bulls on parade. Is rally getting ridiculous?
Wall Street looking to Wal-Mart
Sector Snap: retailers to post earnings next week
Junk bonds: Still a good bet
Green Mountain Commands Most Expensive U.S. Valuation: Real M&A
Intel to Build $5 Billion Arizona Chip Plant, Hire 4,000 in U.S. This Year
Borders files Chapter 11, to close 200 stores
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