Stock Market Blog -Nov 6th

The market dropped, then recovered a bit toward the end of the week. Friday's monthly jobs report showed a slight drop in the unemployment rate to 9%, and an increase of 80,000 jobs, hardly enough to improve the situation! Europe and Greece continue to dominate the financial news.

New all time highs:
COG, DUK, EL, FAST, FIO, HANS, LQD, MA, MCD, ORLY, PNRA, ROST, SBUX, SWI
New all time lows:
Pops: SBUX, QCOM
Drops: CECO, DNDN, OPEN

New Unemployment Claims were down, coming in at 397,000 (chart)
This week, two banks were shut down by the FDIC (list)

Next week: Economic reports  Earnings season continues, with the following companies among those reporting:

MON: PCLN
TUE: CLNE
WED: CSCO, GMCR, GM
THU: DIS, NVDA
FRI:

Market Commentary

We got the pullback I mentioned last week! I'm still looking for the market to work its way higher toward the end of the year, with pullbacks along the way. Keep your eye on the Euro currency, as our stock market trades pretty much in the same direction.

This week's charts:

Sony
Toyota
Japan

Commodities (charts):
Oil prices were up again, closing around $94.40
Natural gas was mostly flat, closing near $3.91
Gold rallied again, closing near $1753
The 30 year Bond futures rallied, closing near $141.10
The US Dollar was up, closing near 77.12

NEWS:
Here’s Why the S&P 500 is Giving Investors Déjà Vu
SPX and NDX Update: Top May Be In as Retracement Rally Hits Targets
Freddie Mac Loses $4.4B in Third Quarter, Requests $6B More From Treasury
MF Global Files for Bankruptcy on Bad Euro Zone Bets
Nothing Has Changed On Wall Street
AMD cuts 10% of its workforce
Groupon IPO: Shares Soar In Public Market Debut

Europe: The worst-case scenarios
Italian bond yields at 'scary' levels