Stock Market Blog -Jul 14th

The market continues up, maybe to a double top?

New all time highs:  
All time lows:  --
Pops:  , -Drops:  ,

Next week: Economic reports 
Upcoming Earnings reports: 
CMG, IBM, INTC, GOOG, GE, MSFT, YHOO

Market Commentary

 
Looks like we did re-visit the mid-June highs! Where we go from here, I think will depend primarily on how the market reacts to the earnings reports.

This week's charts:

Weekly Unemployment claims
S&P 500 -still moving up

Commodities/Futures (charts):
Crude Oil was up, closing near $105.95 -still over $100!
Natural Gas was flat, closing near $3.64
Gold moved back up, closing at $1277
The 30 year Bond was up, closing near $133.94
The US Dollar dropped, closing near 83.16

NEWS:
Surprise! Huge US budget surplus shatters record