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 upclosing 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?


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