Stock Market Blog -Oct 27th

The market rally continued this week, with the S&P500 chart approaching the upper end of the price range. The delayed monthly jobs report again showed less jobs created than were expected. On the earnings front, AMZN, BA, F, MSFT, and NFLX all reported great numbers.  Gold rallied, Oil finally dropped under $100, Bonds were up, and the US Dollar dropped.

The debt clock (on the left) is now over the $17,000,000,000,000 mark!

New all time highs:    IWM, SPY -AXP, AMZN, BA,CMCSA , COP, DAL, DIS, CMG, FDX, GILD, GOOG, LOW, V, XLY, and more...
All time lows:  ... 

Pops:  AAP, AMZN, GLW, MSFT, ZNGA   Drops:  AKAM, CREE, CAT, NFLX,

Next week: Economic reports   Fed meeting!
 Earnings next week:

Mon - AAPL, BIIB, MRK

Tue - AET, BP, BIDU, PFE, LNKD

Wed - FB, GM, V

Thu - AAP, COP, SBUX, MA, NEM, XOM

Fri - CVX

Market Commentary

The rally continues, but we are approaching the high end of the range in this wide 'up-channel'. A flood of earnings reports will help fuel market direction, and possibly news from the Fed  meeting. AAPL reports earnings on Monday, and could move the NASDAQ as well. Look for FB on Wednesday too.

This week's charts:

S&P 500 -All time high!
10yr Interest Rates
Labor Force Participation Rate (10yr chart)

Commodities/Futures (charts):
Crude Oil dropped, closing near $97.85 -finally under $100!
Natural Gas dropped a bit, closing near $3.70
Gold rallied, closing at $1352
The 30 year Bond rallied, closing near $135.35
The US Dollar dropped, closing near 79.24

NEWS:

Wall Street Week Ahead: Focus on Facebook, Apple and the Fed
Stock-market bulls face hurdles in the week ahead
Apple is Monday’s stock to watch as results loom
Why the S&P 500 is beating the Dow
Five warning signs that stocks could be getting too bubbly

$3.5 trillion so far, and more ahead for buybacks
Amazon Stock May Be Up, but the Company Still Doesn’t Make Any Money
Oil rebounds as traditional fundamentals reassert themselves
iPad mini with Retina display nearly double the cost of Google Nexus 7