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)