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