AAPL and BIDU were weak; also SINA, SOHU
CSCO dropped after reporting earnings, and GS dropped further on a downgrade.
S&P sector leaders - XLV, XLU S&P sector laggards - XLB, XLF, XLE,
10 triple-digit stock winners
High priced DOW stocks have recently been hitting all time highs and pushing up the index (the DOW is a 'price weighted' index!)
DOW laggards 3 Dow stocks that are in a slow death spiral
New unemployment claims dropped a bit to 434,000 (chart).
This week, no banks were shut down by the FDIC! (list).
Next week: (Economic reports link). Options expiration on Friday.
Quarterly earnings season is winding down; companies reporting include: HD, WMT
Market commentary: We are back at the 1340ish support level in the S&P500. We could bounce or break from here -wait to see which direction it takes. The market seems to be getting weaker. We are basically back to the late February 1340 price level on the S&P!
The 'big picture' chart below shows that the NASDAQ and the Russell small caps are at long term resistance levels, while the DOW and S&P have yet to make it up there.
Commodities (charts):
Oil prices rallied, then dropped, closing around $99.65 per barrel
Natural Gas was mostly unchanged, closing near $4.25.
Gold was up slightly, closing near $1493.
The 30 year Bond was mostly unchanged, closing near $124'14.
The US Dollar continued its rally, closing near 75.94.
The big picture...News:
As stock market slows down, defensive stocks shine
Commercial real estate poisoning small banks
Fannie Mae seeks $8.5 billion more in federal aid
$6.2 trillion: A decade of deficits
Treasuries fall after disappointing 30-year auction
Has the Commodities Bubble Popped?
No more free lunch for commodities investors
Who's buying ETFs
Too Hot for Their Own Good? 10 Overheating Stocks Ripe for a Pullback
Rajaratnam convicted on all insider trading charges
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