Stock Market Blog -Feb 10th

The market inched higher this week (S&P500), despite a rise in the US Dollar, and a small rise in Bonds. We could be slowly forming a top in this area. European concerns are starting to get the markets attention again. GOOG now hitting all time highs -are they the new AAPL?

The Fed is buying 80% of the Treasury market today...
The debt clock is now approaching $16.5 trillion!


New all time highs GIS, GILD, GOOG, HON, JNJ, LNKD, MMM, MPC, OCN, PRI, PSX, and more...
All time lows: -
Pops: APKT, ATVI, LNKD,
DropsAKAM, MCO, MHP

Next week: Economic reports  
Earnings reports:  ANF, CSCO, DE, KO, NTAP, PEP, WFM


Market Commentary
 
The market is very unpredictable here, though the up-trend is still intact. I think the S&P500 may see some more up-side, approaching the all time high. The NASDAQ 100 has been a laggard, but maybe AAPL will give it a boost.This week the S&P500 was up, Bonds were up, and the Dollar was up! These normally move in opposite directions, so something has to give soon...


This week's charts:
Weekly Unemployment claims
S&P 500 ...even higher?
OptionsMakeSense

  Still watching the VIX at these low levels -creeping up?

Commodities/Futures (charts):
Crude Oil dropped, closing near $95.72
Natural Gas was little changedclosing near $3.27
Gold was little changed, closing near $1667
The 30 year Bond was up, closing near $143.69
The US Dollar was up, closing near 80.32

NEWS:
Wall Street rises, Nasdaq at 12-year closing high
Dow May Struggle to Outdo Itself as Caution Takes Hold
Trade deficit falls 20.7% in December
Bullish Blizzard

Median Household Incomes: The 'Real' Story
Think the Bond Bull Is Dead—Think Again
Why Bill Gross Says You Should Be Investing in Gold
Dell goes private in $24 billion buyout
Why This Was a Pivotal Week for Europe

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