Stock Market Blog -Feb 24th

The market saw its first weekly loss for the year. Jobless claims rose by 20,000. Gold and Oil prices dropped, while the Dollar and Bonds rallied.


New all time highs:    AON, CHD, COG, CL, D, HCN, KMB, TRV, VTR...
All time lows: PGH
Pops:  FIRE    -Drops:  GRMN, HUM, PAY, TOL

Next week: Economic reports  Fed Chairman speaks...
Earnings reports:  HD, LOW, M,  QCOR,  (retailers)



Market Commentary
 
We finally got a pullback from the rally that started last November. I don't think the pullback is over yet, especially with anxiety over the upcoming budget cuts in government this week. This week's potential market movers: Budget/sequester, Fed before Congress.

This week's charts:
Weekly Unemployment claims
S&P 500 ...getting ready for a bigger pullback?
OptionsMakeSense

  The VIX finally moved up this week, after hitting muli-year lows... 

Commodities/Futures (charts):
Crude Oil dropped, closing near $93.13
Natural Gas was upclosing near $3.29
Gold dropped, closing near $1572 -below 1600!
The 30 year Bond rallied, closing near $144
The US Dollar was up again, closing near 81.58

NEWS:
S&P, Nasdaq wrap up worst week of 2013
Sorry Bears, We're In A Secular Bull Market
Office Depot to buy rival OfficeMax
Visa And MasterCard: Great Long-Term Stocks With Positive Upgrades
The 8 Largest ETFs On Earth
Consumers sitting on $9 billion in old iPhones
Microsoft's Hotmail phase-out: What's a user to do?

Jobless claims climb 20,000 to 362,000
Fed officials: Don't worry if we lose money
The Consequences of a Strong Dollar
Is Gold Finished? 

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