Stock Market Blog -Nov 25th

The market rallied every day this week! AAPL was up $38 on Monday, after being down for 8 straight weeks in a row -I think Options expiration the previous Friday helped to keep the stock price down. Even RIMM and GMCR rallied. Gold continues to move up too. It looks like Thanksgiving sales did well too, so maybe that bodes well for the economy going forward -we'll see. We still have Europe and the Middle East and the fiscal cliff in the background.

New all time highs:  GIS, GILD -again, V -again, 
All time lows: 
Pops: AAPL
Drops: BBY, HPQ

AAPL -after 8 weeks down, it finally bounces!

Next week: Economic reports 

Market Commentary

We did finally get a bounce from this oversold market, and if you sold Put Credit Spreads last week you're smiling this week. If we get a pulback, it may be a good time to buy. It's too early too tell whether this is a long term rally, so use some kind of 'stop' if you do establish long positions. Volume has been weak on this rally.

This week's charts:

Weekly Unemployment claims
S&P 500 -rally mode
OptionsMakeSense

Commodities/Futures (charts):
Crude Oil was up, closing near $87.90
Natural Gas was mostly up, closing near $3.85
Gold was up, closing near $1750
The 30 year Bond dropped, closing near $150.31
The US Dollar dropped, closing near 80.29

NEWS:
Dow back above 13,000
Black Friday Sales Online Top $1 Billion For First Time: ComScore
What Stocks Are Analysts Buzzing About?
RIM jumps 14% on BlackBerry 10 hopes
Android Market Share: 3 Of 4 Smartphones Purchased In Past 3 Months Use Google's OS