Stock Market Blog -Apr 7th

This week we saw a pullback in the market, helped  further by the very disappointing monthly Jobs report on Friday. Bonds rallied again this week. The Yen dropped further as the Bank of Japan announced more money printing.

New all time highs:   D, PNRA, SCG, SPG, TSCO, VTR
All time lows: MWW
Pops:    -Drops:  FFIV

Next week: Economic reports 
Earnings reports: 
Mon - AA
Tue -
Wed -
Thu -
Fri - JPM, WFC

Market Commentary

 
Looks like we may be setting up for for a Q2 pullback after this week's market action. Earnings will probably be the catalyst to move the market next. As simple as it sounds, 'buy low and sell high' works. With the market at these levels, the odds favor a pullback here. Time to 'sell high' or take profits here maybe.

Losing momentum...

This week's charts:

Weekly Unemployment claims
S&P 500 -rally still on?
OptionsMakeSense

Commodities/Futures (charts):
Crude Oil was dropped, closing near $92.70
Natural Gas was up, closing near $4.12
Gold was down, closing at $1575 -still below 1600
The 30 year Bond rallied strongly, closing near $148
The US Dollar dropped a bit, closing near 82.60

NEWS:
Wall Street Week Ahead: Earnings next hurdle for bulls as rally slows
Earnings are 1st big stock test since market high
US Job Creation Plunges, but Rate Drops to 7.6%
Weekly Jobless Claims Get Weaker as Outlook Dims
 How To Be Protected Before The Next Market Crash

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10 things Apple won’t tell you
Fannie Mae Reports $17.2 Billion Annual Profit
Gold Rallies as Weak US Jobs Data Affirms Fed Easing
Ding Dong, The Yellow Metal Is Dead!