Stock Market Blog -Sep 30th

This week we pulled back into the up-channel in effect since June. This week also marks the end of the 3rd quarter, and a good one it was, for stocks and also for Gold. We saw the market get back up to the 2007 highs (before the financial crisis). AAPL helped to push the markets up, but we also saw good performance from some of the DOW stocks. Bonds started to break down this quarter too.

New all time highs:    ACN, ALXN, CAG, DFS, LQD, N, RGLD, WPI
All time lows: 
Pops: ACN,
Drops:  FTNT

Next week: Economic reports  * Monthly Jobs report on Friday *
Earnings reports from MON, MOS, and FDO

Market Commentary

My call last week for a pullback turned out to be a good one -all the stars were lined up as they say. Next week could bring more volatility as we get the Jobs report on Friday, and some other important economic reports, so buckle up. Some stocks are still very 'overbought' like GOOG, HD, DIS, WMT, etc.

This week's charts:

Weekly Unemployment claims
S&P 500 -more correction, or rally back up from here?
OptionsMakeSense

With all the attention focused on AAPL, few have noticed that GOOG is up $200 recently!

Commodities/Futures (charts):
Crude Oil was mostly unchanged, closing near $92.19
Natural Gas rallied, closing near $3.32
Gold was mostly unchanged, closing near $1771
The 30 year Bond rallied, closing near $149.38
The US Dollar was up, closing near 80.03

NEWS:
Week ahead for stocks: All eyes on jobs
'Zombie Economy' May Give Markets a Scare in October
Apple CEO: "We are extremely sorry" for Maps frustration
Major banks hit with biggest cyberattacks in history
The 3 most overvalued assets today

Anyone Wondering Why Google's Stock Is Soaring Should Look At The Cash Flow...
Salesforce, NetSuite markets keep growing
BofA to Pay $2.43 Billion to End Investor Lawsuit Over Merrill
China manufacturing continues to slump