Stock Market Blog -Jan 20th

Another good week for the markets. The S&P500 closed around 1485 on Friday, so I expect we'll see 1500 before long. All the indexes are hitting 5 year highs, and the VIX is hitting multi-year lows (chart below). Some people see the extremely low VIX as a potential signal for a short term market top. We've been in rally mode since November. Oil continues to climb, while Gold gained some ground as well. The Dollar was up for the week.

7 Reasons Markets Are Overbought, And What To Do 
Risk Of 'Double-Rip' On The Rise

New all time highs:  ARCT, AMZN, CBS, CELG, COV, CMCSA, CVS, JNJ, HCA, LOW, MMM, PPG, PSX, TRV, VMED.. and more
All time lows: -
Pops:  LIFE,
Drops:  COF,

Next week: Economic reports  
Earnings reports:
Mon -market closed
Tue -DD, FCX, IBM, ISRG, JNJ, GOOG, TRV, VZ
Wed -AAPL, AMGN MCD, NFLX
Thu -BMY, CELG, MMM, MSFT, SBUX, T
Fri -PG, HON, HAL

Market Commentary

The S&P500 looks like it wants to reach up to 1500, since its only 15 points away! I think at that point we could see a pullback. AAPL and GOOG will move the Nasdaq 100 when they report earnings (the NASDAQ has been lagging the other indexes). With all the earnings reports, we could see a volatile week.
Markets are closed on Monday.

AAPL and GOOG report earnings next week!

This week's charts:

Weekly Unemployment claims
S&P 500 ...heading to 1500?
OptionsMakeSense

 The VIX is at an extremely low level here...

Commodities/Futures (charts):
Crude Oil was up, closing near $95.26
Natural Gas was up slightly, closing near $3.59
Gold was up, closing near $1687
The 30 year Bond was up a bit, closing near $145.75
The US Dollar was up, closing near 80.15

NEWS:
Dow Average Rises to 5-Year High Amid Debt-Ceiling Talks
Next Week's Key Earnings Reports
Lowest Initial Claims Reading Since January 2008
Why aren't investors scared?
The State Of The U.S. Bond Market Is Getting Worse
Apple risks repeating the 1980s

How Mario Draghi Found a Way to Rescue the Euro
Welcome to the global currency war
Germany Repatriating Gold From NY, Paris 'In Case Of A Currency Crisis'
Germany looks to bring 700 tons of gold home
Japan’s Debt Time Bomb Is Ticking: Kyle Bass