Stock Market Blog -Jul 28th

The market pulled back a bit this week as many companies reported earnings. We'll get another indication of direction next week as more companies report. Gold continued to climb, while Bond prices seem to be edging up.

Earnings Pops: FB, BIDU, SBUX, TRIP, VMW
Earnings Drops: CROX, EXPE, SWI

New all time highs:   AMZN, CELG, DLPH, ESRX, GILD, JNJ, OCN, SE, SBUX, TRIP, MYL,
All time lows:  --

Hope you were on the right side of one of these!

Next week: Economic reports Fed meeting and Monthly Jobs report.
Upcoming Earnings reports:  
Mon -HLF
Tue -DDD, MRK, PFE
Wed -MA, WFM
Thu -BP, LNKD, PG, XOM
Fri -CVX

Market Commentary

 
Big week coming up -Fed meeting, monthly Jobs report, GDP, and more earnings! The market looks 'toppy' here and just needs a catalyst or it to roll over, so be careful.

This week's charts:

Weekly Unemployment claims
S&P 500 -topping?

Commodities/Futures (charts):
Crude Oil was down, closing near $104.70 -still over $100!
Natural Gas was down, closing near $3.55
Gold was up again, closing at $1321
The 30 year Bond was down, closing near $134.72
The US Dollar dropped a bit, closing near 81.77

NEWS:
Dow recovers from 150-point drop to log 5-week win streak
Earnings week ahead: Media and oil giants in focus
(Vid) Amazon stock still worth owning: Pro
Google's $35 Chromecast vs. the $100 Apple TV
Is Meredith Whitney finally right about muni bonds? 
JPMorgan quits physical commodities business