Stock Market Blog -Feb 5th

The market continued to rally, with a big jump on Friday after a positive surprise in the jobs report. The NASDAQ 100 is now well over the 2008 highs (pre-financial crisis), though the other indexes still have a lot of catching up to do. Bonds remain at an elevated level.

New all time highs: AAPL, ABV, COH, FAST, FISV, INTU, MA, NKE, RAX, SWI, V, YUM , WYN
All time lows:  FAZ, SDS, TZA -the usual suspects!

Pops & Drops:  The Financials popped this week.
Also COCO, GMCR, GIL, ISRG, STX, SWI, MA, & V

Weekly Unemployment claims

Next week: Economic reports   Earnings reports from the following companies:

Mon: YUM
Tue:  DIS, KO, BWLD, PNRA
Wed: CSCO, WFM
Thu: 
Fri: 

Market Commentary

In spite of the seemingly non-stop rally from Dec 19th, the market continues to power higher. Of course, I'm still looking for a pullback at some point. The longer term trend seems to indicate that the market wants to catch up to the 2008 highs (the Nasdaq 100 has already passed it by a huge amount) -that means DOW 14000! As earnings season winds down, we could see buying start to slow down.

This week's charts:
XLF -Financials recovering
XLB -Basic Materials recovering
NASDAQ -over the 2008 high
SPG -commercial real estate! (so much for the crash)

Commodities/Futures (charts):
Oil prices were down, closing near $97.84
Natural Gas dropped, closing near $2.50
Gold rallied again, closing near $1740
The 30 year Bond futures dropped, closing near $142.41
The US Dollar was mostly unchanged, closing near 79.06

NEWS:
Dow Logs Highest Close Since May 2008
Dow at 4-year high, Nasdaq hits 11-year high
U.S. GAINS 243,000 JOBS
Unusual Volume Leaders: Gilead Sciences Spikes
What Cramer's Watching Next Week

Treasury Considers Going Negative on T-Bills