Stock Market Blog -Sep 22nd

The market was up this week as the Fed surprised everyone by announcing that they would not begin tapering the monthly $85 billion money printing program.  We will have a new DOW as of Monday when GS, NKE, and V replace 3 of the non-performing components. My money is on Visa! (long term).

Meanwhile Amazon, Facebook, Netflix,  and Tesla hit new all time highs on Friday, and Blackberry continued its downward move. Apple's new iPhone went on sale Friday.

New all time highs:    ADBE, AMZN, AN, COP, CELG, FB, HIMX, NFLX, TSLA, UPS, V, and more...
All time lows:  -- 

Pops:  FDX,   Drops:  BBRY

Next week: Economic reports  
Earnings:  

Market Commentary

The up-trend continues, and continues.... We hit new all time highs in the market again this week. Trend followers should stay in until we see some kind of signal indicating a change (like a moving average maybe). I think we'll stay at these levels at least until the end of this month/quarter.

This week's charts:

S&P 500 -upper end of the range
10yr Interest Rates 
Labor Force Participation Rate (10yr chart)

Commodities/Futures (charts):
Crude Oil dropped, closing near $104.75 -still over $100
Natural Gas was unchanged, closing near $3.69
Gold regained some ground, closing at $1332
The 30 year Bond rallied, closing near $131.69
The US Dollar dropped, closing near 80.55

NEWS:
Dow posts 185-point drop but still ends higher for 3rd-straight week..
Did the Fed just pop the stock market bubble?
Apple iPhone 5C orders 'not overwhelming', but inventory is still low
Microsoft boosts dividend by 22%, sets $40 billion buyback
BlackBerry ends down 17% on massive loss; cutting 4,500 jobS (vid)

Stock Market Blog -Sep 15th

The market rallied for a second week, as Facebook touched an all time high, while Apple dropped after announcing the new iPhones.  Changes were announced to the DOW: out are AA, BA, HPQ, in are GS, NKE, V -markets are heading higher! Also, DELL finally closed the deal to go private.

This Sunday night markets are rallying as Larry Summers took himself out of the running for the new Fed Chairman position.

New all time highs:    AET, APC, BA, COP, CMI, DNKN, MYL, STZ, ULTA, WFM
All time lows:  -- 

Pops:     Drops: 

Next week: Economic reports   FED meeting!
Also, Options expiration, monthly & quarterly.
Earnings:   FDX, ORCL

Market Commentary

Well, the market spoke and it said 'up'. It could keep going and take out the previous high from the beginning of August. Of course the rally could also fail near this level. The economy is somewhat lackluster, but the market keeps going up -stick with it till it turns if you are trying to trade the down-side.

If you trade Gold, we saw a big drop this week -the long term down-trend in gold is still intact, though the 50MA has turned back up. With any luck, this pullback might reverse here.

This week's charts:

S&P 500 -moving back up!
10yr Interest Rates 
Labor Force Participation Rate (10yr chart)

Commodities/Futures (charts):
Crude Oil was up, closing near $108.21 -still over $100
Natural Gas was up, closing near $3.68
Gold plummeted, closing at $1308
The 30 year Bond was up a bit, closing near $129.81 
The US Dollar was down, closing near 81.45

NEWS:
Birinyi says we’re heading to S&P 2000
Stocks seen taking Fed taper in stride this week
There's no stopping September, at least not yet
Big Changes Come to the Dow
Investors in Europe See a Glass Half Full and Rising
Foreclosure crisis is drawing to a close
Does America's Shrinking Private Sector Signal Capitalism's Unmaking?

Cheap money or not, the Fed can't win
5 Years Later, We've Learned Nothing From the Financial Crisis
Kass: Google/Android Is an Apple Eater
Apple's Most Boring iPhone Event Ever
Joe Granville, Whose Bearish Calls Moved Stocks, Dies at 90
Insight: Changing China set to shake world economy, again

Stock Market Blog -Sep 8th

The market rallied this week, in the face of a weak monthly jobs report, rising interest rates, rising Oil prices, and the ongoing situation in Syria. September can sometimes be a volatile month so be prepared. It's also the end of the 3rd quarter, and next week also marks the 911 anniversary.

New all time highs:    APC, BLOX, COP, KMX, LNKD, NVS, OCN, STZ, UNH, YELP
All time lows:  -- 

Pops:   FB   Drops: 

Next week: Economic reports

Market Commentary

The charts show indecision in the market right now, and there is plenty of news to move it in either direction, so it's tough to trade right now, unless you use Option Spreads. If Gold resumes its uptrend, the gold mining stocks might be a good buy (or GDX, GDXJ). Also, Bonds are trending down very nicely (TLT).

This week's charts:

S&P 500 -moving back up for now
10yr Interest Rates
Labor Force Participation Rate (10yr chart)

Commodities/Futures (charts):
Crude Oil was up, closing near $110.53 -now over $110!
Natural Gas was mostly unchanged, closing near $3.53
Gold was mostly unchanged, closing at $1386
The 30 year Bond dropped again, closing near $129.03 -freefall?
The US Dollar was mostly unchanged, closing near 82.16

NEWS:
Why Everyone is Freaking Out About the Jobs Report
An alarming jump in 'job losers'
Microsoft swallows Nokia's phone business for $7.2 billion
Apple's innovation problem is real
IBM: Is It Cheap Or In Trouble?
Our Ultimate Stock-Pickers' Top 10 Buys and Sells

Stock Market Blog -Sep 1st

The market pulled back again this week amid rising concern about the Syria situation, so the recent down trend continues.

New all time highs:    CRM, KORS, JAZZ
All time lows:  -- 

Pops:   CRM, GES   Drops: 

Next week: Economic reports Monthly jobs report on Friday!

Market Commentary

The market may attempt a rally as it appears to be oversold at this level.

This week's charts:

S&P 500 -still in a short term down trend
10yr Interest Rates
Labor Force Participation Rate (10yr chart)

Commodities/Futures (charts):
Crude Oil was down a bit, closing near $107.65 -still over $100.
Natural Gas was up, closing near $3.58
Gold was mostly unchanged, closing at $1396 (briefly popped over $1400)
The 30 year Bond was up a bit, closing near $133.34
The US Dollar was up a bit, closing near 82.14

NEWS:
Investors brace for a jam-packed September
Easy come, easy go: Summer markets go out on a flat note
Where did earnings go? Profit outlook gets gloomy
Traders nervous about an attack on Syria, despite Kerry's speech
Even the King of Bonds Can't Escape the Carnage
Five Years After Chaos, Shares of Many Big Banks Are Still Struggling

Nasdaq takes some responsibility for 'flash freeze'
Automation and Nasdaq's trading glitch
Indian rupee extends slide to fresh record low
Emerging markets: The comeback kid of 2014?
Just what will stop the emerging market carnage?