Stock Market Blog -Aug 25th

The market regained some ground this week after the sell-off last week. Interest rates continued to climb (Bonds dropped), and Gold rallied, now approaching $1400 (it could see some resistance here).

New all time highs:   JAZZ, LGF, LMT, RTN, QCOR, STZ, ROST, TJX, TSLA,
All time lows:  -- 

Pops: BBY, MSFT       Drops: P, ANF, ARO, P, SPLS,

Next week: Economic reports 
Upcoming Earnings reports: CRM

Market Commentary

"This could be the start of a bigger pullback. If you are a trader, look for a bounce to start getting short, or getting out." -this was my comment last week. We are now getting that bounce. Maybe we'll get back up to 1680 on the SPX to fill the gap... possible head & shoulders forming.

This week's charts:

S&P 500 -setting up for another drop?
10yr Interest Rates -still rising
Labor Force Participation Rate (10yr chart)

Commodities/Futures (charts):
Crude Oil was down a bit, closing near $106.42 -still over $100.
Natural Gas was up, closing near $3.49
Gold saw a nice rally, closing at $1396 -approaching $1400!
The 30 year Bond was up a bit, closing near $131.81
The US Dollar was mostly unchanged, closing near 81.39

NEWS:
Time for market to start worrying about September—yikes!
Economy imperiled as QE bag of tricks fails
The 3 reasons everyone is dead wrong about bonds (video)
Wells Fargo To Cut 2,300 Mortgage Servicing Jobs
UPS drops health benefits for 15,000 spouses 
Why get off welfare?

Facebook above $40 for first time since IPO
Why Facebook Shares Closed Above $40 For The First Time
Steve Ballmer: The $16 billion drag on Microsoft
How China's Slowdown Will Impact Latin America
The financial crisis that refuses to go away