Stock Market Blog -Oct 14th

The market gave back all of its gains from the prior week, and looks like it may have put in a double top. AAPL and AMZN were also weak. Bonds rallied as stocks dropped. JPM reported good earnings, but the market yawned. Next week we get a few more large companies reporting, including GS, GOOG, IBM, and KO.

New all time highs:   CAG, LQD, PFF
All time lows: 
Pops: YUM
Drops:  AMD, EW, OCZ, PHK

Next week: Economic reports -OPTIONS EXPIRATION on Friday!
Earnings reports next week:
Mon: C
Tue:  GS, IBM, INTC, ISRG, KO, JNJ, UNH
Wed: AXP, BAC, BK, EBAY, PEP
Thu: AMD, CMG, COF, GOOG, MS, MSFT, VZ
Fri:  GE, MCD, HON

Market Commentary

More earnings reports next week will help to drive stock prices. The S&P 500 looks like it put in a double top, so we could see more downside action. Keeping an eye on AAPL too, for a rebound.

This week's charts:

Weekly Unemployment claims
S&P 500 -earnings next week!
OptionsMakeSense

Commodities/Futures (charts):
Crude Oil was up, closing near $91.86
Natural Gas was up, closing near $3.61
Gold dropped a bit, closing near $1758
The 30 year Bond rallied, closing near $149.56
The US Dollar was up, closing near 79.74

NEWS:
Cramer’s Earnings Preview for Next Week
U.S. sues Wells Fargo for mortgage fraud
Global Economic Distress 3.0 Looms as Emerging Markets Falter
Gross's Burning Bond Market Fails to Frighten Investors