GOOG lost some ground this week, after hitting $844 the previous week
New all time highs: AXP, CVS, JNJ, DFS, DLPH, DTV, IBM, LYB, MMM, STZ, TRV, UTX, etc.
All time lows: --
Pops: , -Drops: ,
Next week: Economic reports Fed meeting...
Earnings reports: FDX & ORCL (Wed), LULU, NKE (Thu)
| Market Commentary |
I continue to think the market could be putting in a top in this area as the S&P500 approaches its all time high. The risk here is in being long! Stocks and the Dollar have been rallying together, when they normally have an 'inverse' relationship -another potential sign of a correction.
This week's charts:
S&P 500 -rally running out of steam?
OptionsMakeSense
Crude Oil was up, closing near $93.45
Natural Gas was up, closing near $3.87
Gold was up, closing at $1592 -still below 1600
The 30 year Bond was up a bit, closing near $141.87
The US Dollar dropped a bit, closing near 82.46
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Economy Rolls Along, Despite Cuts and Taxes
Apple Estimates Cut as Samsung Unveils Galaxy S4
The Street Loves Google, but Can the Stock Hit $1,000?
Top bond fund managers batten down the hatches
If There’s No Inflation, Why Are Prices Up So Much?
In Spite of the Recovery, More Workers Are Borrowing From 401(k)s
JPMorgan’s Follies, for All to See
Gold Posts Second Weekly Gain
The Stars Are Aligning for Dollar Bulls
Euro Zone Agrees to 10 Billion Euro Bailout for Cyprus
Crumbling BRICs: Why You're Better Off Elsewhere
Do We Really Need Another Credit Score? Maybe.
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1 comment:
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