WMT hit a new all time high again. So did DIS and KO. I guess we are all shopping and having a good time!
Apple dropped after missing earnings estimates.
Facebook hit a new low after reporting earnings.
New all time highs: ALXN, ATHN, COST, CL, DFS, DPS, ED, EQIX, EW, EXPE, DIS, KMB, ONXX, PEP, SWI, UA, WMT
All time lows: ALU, FB, GRPN
Pops: AMZN, AUTH, EXPE, PNRA, S, SWI, WDC
Drops: AAPL, BWLD, ISRG, NFLX, RSH, SBUX, TRIP, UPS, ZNGA
Can Radio Shack survive?
We have a Fed meeting next week, and on Friday we get the much anticipated monthly Jobs report.
| Market Commentary |
The up-channel in the S&P500 is alive and well, and if it continues as before we could see a bit more upside, then another down-swing. We could see 1400 on the SPX, just like we saw 13000 this week on the DOW. The DOW is leading the way, with the Small Caps lagging (IWM). Remember the Jobs report on Friday!
This week's charts:
S&P 500 -nice rallly; up-channel still intact
OptionsMakeSense -trade with low cost and high probabilities
Oil rallied, closing near $90.13
Natural Gas was mostly unchanged, closing near $3.02
Gold rallied, closing near $1618
The 30 year Bond dropped, closing near $150.03
The US Dollar dropped, closing near 82.77
Dow Reclaims 13,000 on ECB Stimulus Hopes
Jobs growth, Fed take center stage next week
Weighing The Week Ahead: Counting Too Much On Central Bankers?
Despite Slowing Economy, Fed Is in No Hurry to Act
Facebook shares still way overvalued
Sorry Mr. President, Your Economic Plan Didn't Work
Japan trade deficit swells to $37B in first half
Posts
No comments:
Post a Comment