New all time highs: AUY DDD
All time lows: GRPN ZNGA MCP ARCO
Pops: AOL
Drops: AGU DIS ESRX GRPN VVUS
AAPL -4 weeks of declines (post iPhone5 top) -last week, 6th week down! -now 7th week down!
The Euro appears to be headed lower, off a double top (probably means stocks lower too)
Next week: Economic reports
Earnings reports next week:
CSCO, HD, KORS report on Tuesday
ANF, PETM report onWednesday
DELL, TGT, WMT report on Thursday.
FL reports on Friday
And most of the big retailers report next week too...
| Market Commentary |
We got the election results, and investors promptly voted stock prices lower! With any luck we'll get a bounce next week, with Options expiration maybe lending a hand. Overall we are in a 'down' trend, so trade accordingly. AAPL moves the markets, and it also appears ready for a bounce.
Longer term, it's conceivable that we could eventually go all the way back to the June lows (where the rally began).
This week's charts:
S&P 500 -ready to bounce this week?
OptionsMakeSense
Crude Oil was up, closing near $86.07
Natural Gas was mostly unchanged, closing near $3.50
Gold was up, closing near $1731
The 30 year Bond rallied, closing near $151.63
The US Dollar was up, closing near 81.10
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