Stock Market Blog -Oct 13th

This week we saw a 'V' reversal in the market -let's see if it holds up next week. Gold dropped below $1300 this week, and Oil looks like it wants to dip below $100 finally. The government shutdown continues, and the debt ceiling comes to a head this week. Stay alert!

New all time highs:    AMP, CTSH, COP, STZ, SAVE, WFM

All time lows:  

Pops:  --   Drops:  ARIA, CTXS, MU, YUM

Next week: Economic reports   -Options expiration on Friday -Debt ceiling issue?
 Earnings next week:

Mon -

Tue - C, INTC, KO, JNJ, YHOO

Wed - AXP, BAC, EBAY, IBM

Thu - GOOG, GS, LVS, UNH, VZ

Fri - GE, MS

Market Commentary

Lots of action next week -debt ceiling debacle, earnings reports, and option expiration. We will probably see more volatility. The market saw a strong rally over the past two days -we could see more, or the exact opposite. There really is no way to assess the next move from here, so use the high volatility to your advantage and maybe sell both sides of the market with Iron Condors.

This week's charts:

S&P 500 -what's next?
10yr Interest Rates 
Labor Force Participation Rate (10yr chart)

Commodities/Futures (charts):
Crude Oil dropped, closing near $101.84 -still over $100
Natural Gas rallied, closing near $3.83
Gold dropped below $1300, closing at $1270
The 30 year Bond was mostly unchanged, closing near $132.84
The US Dollar was up a bit, closing near 80.38

NEWS:
Which Stocks Look Ready to Surge or Sink After Earnings Next Week?
Is The Equity Market's Day Of Reckoning Beckoning?

What’s happening in the Treasury bill market today should terrify you