Stock Market Blog -Nov 24th

The market closed at new all time highs again this week, with the DOW closing over 16,000 for the first time ever! Gold dropped again. We head into a shortened trading week for the Thanksgiving holiday, which marks another year for this non-stop market rally..

New all time highs:    AMZN, ABC, BIIB, CMCSA, CVS, CELG, CL, GILD, DIS, DAL, LMT, MMM, TWC, YUM, PG, UPS, and more...
All time lows:  ... 

Pops:   GMCR, LZB       Drops:  BBY, CPB, DLTR, GME, LOW, ROST

Next week:  Economic reports 

Earnings next week:   HPQ

Market Commentary

The rally continues... same comments as last week!   "Everyone has been expecting a correction, so maybe that's why we haven't seen one! Maybe next week -maybe not. For the trend traders, stick with the trend. For the contrarians, hang in there! Volatility is very low, so there are some potential Options opportunities in the VIX products, or in shorting the market indexes using Option spreads (SPY, SSO, IWM, etc).

5 year rally

This week's charts:

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

Commodities/Futures (charts):
Crude Oil was mostly unchanged, closing near $94.84 -holding under $100
Natural Gas was up, closing near $3.77
Gold dropped again, closing at $1244
The 30 year Bond dropped, closing near $131.90
The US Dollar was mostly unchanged, closing near 80.74

NEWS:

S&P 500 ends above 1,800 for first time; healthcare leads
Dow 20,000 here we come: It’s different this time
U.S. Stocks Close to Scoring 'Perfect 10' for 2013
What you can learn from naysaying short sellers
Short sellers see once in a lifetime opportunity—if they can survive
Real Jobless Rate 11.8% Excluding Labor Force Exodus
 ETFs That Act Like Bonds, Not (Ugh) Bond Funds

Watch out, Apple! Here come Chinese smartphones
Boeing warns of engine risk on 747-8s, Dreamliners
J.C. Penney dropped from S&P 500 index
Bargain hunters get ready to buy gold
Maria Bartiromo to Leave CNBC for Fox Business

Stock Market Blog -Nov 17th

The market continued to rise to all time highs this week (DOW & S&P500). The DOW is approaching 16000, and the S&P500 is now just under1800. I expect we'll cross both of those levels next week. Gold regained some ground, while Oil dropped again.

CSCO dropped after reporting earnings. KSS dropped too.

New all time highs:    AMZN, BA, CRM, CVS, FDX, KORS, LOW, PG, MMM, NKE, STZ, and many more...
All time lows:  ... 

Pops:     Drops:  CSCO,

Next week: Economic reports 

 Earnings next week: Retailers reporting next week... HD, BBY, etc.

PG, DIS, and MMM -all time highs -are these growth stocks?

Market Commentary

The rally continues! Everyone has been expecting a correction, so maybe that's why we haven't seen one! Maybe next week -maybe not. For the trend traders, stick with the trend. For the contrarians, hang in there! Volatility is very low, so there are some potential Options opportunities in the VIX products, or in shorting the market indexes using Option srpeads (SPY, SSO, IWM, etc).

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 $93.84 -holding under $100
Natural Gas was up, closing near $3.66
Gold was up a bit, closing at $1287
The 30 year Bond was up, closing near $132.53
The US Dollar dropped, closing near 80.90

NEWS:

Dow and S&P end at record highs
Dow, S&P 500 rise for 6th consecutive week
The strangest bull market ever
When Bonds Call the Tune, It Could Get Ugly
Ride the bull for 2 more years: Strategist (video)
Strong quarter, falling stock: 11 disconnects to watch 

Unappreciated by Street, charts say buy
Exxon top energy gainer after Buffett takes stake
Will Google Docs kill off Microsoft Office?
Come On, Apple Fans, It's Time To Admit That The Company Is Blowing It
Is gold ready to turn a corner?
China unveils boldest reforms in decades, shows Xi in command

Stock Market Blog -Nov 10th

The market dropped, then rallied back up the next day on a better than expected Jobs report. The Unemployment rate rose slightly to 7.3%. GDP also came in better than expected at 2.8%.

Twitter dropped a bit after its IPO high. AAPL seems to be stuck around the $525 level, while FB is still dropping from its peak in October. TSLA had a baaad week.

Gold dropped below $1300 again, and Bonds dropped as well.

New all time highs:    AMP, ABC, ENDP, MMM, PRGO, STZ
All time lows:  ... 

Pops:     Drops:  ANF, SCTY, TSLA, WEN, WFM 

Next week: Economic reports 

 Earnings next week:

Mon - RAX

Tue - DNDN

Wed - CSCO,  NTAP

Thu - WMT, A

Fri - 

Mortgage REITs: Last Chance to Exit?

Market Commentary

The market started to show signs of a breakdown, then recovered after the monthly Jobs report and GDP numbers.  Still, the S&P500 seems to be stuck in the 1770 range for the past two weeks, and the Small Caps (IWM) haven't  recovered from their recent sell-off. Earnings season is pretty much over, so look for news to drive the market over the next few weeks. Some of the recent leaders have started selling off as well. I'm leaning to the short side.

\This week's charts:

S&P 500 -holding up so far...
10yr Interest Rates
Labor Force Participation Rate (10yr chart)

Commodities/Futures (charts):
Crude Oil was mostly unchanged, closing near $94.60 -holding under $100
Natural Gas was mostly unchanged, closing near $3.56
Gold dropped, closing at $1284
The 30 year Bond dropped, closing near $131.75
The US Dollar was up, closing near 81.38

NEWS:

Stocks up on jobs; Dow ends at record high and S&P not far behind (video)
Bulls run to rescue the market — too late
Despite Mixed Headlines, Today’s Jobs Report is Still a Bummer
The odd October jobs report: The US government shutdown failed to shutdown the US economy
Economy grew 2.8% in the third quarter
Week ahead: Stocks ride tailwind, but watch for rising rates

Are we drowning in stocks?
Treasury vs. Fed: Who's right on the economy? (video)
PRECIOUS-Gold drops to 3-week low on ECB rate cut, US GDP
Gold Set to Plunge to Its Final Bottom

Stock Market Blog -Nov 3rd

We got a little pullback this week as AAPL and FB  sentiment seemed a little negative after reporting earnings. Crude, Oil, Gold, and the Euro all dropped, along with Bonds. More than half of the companies have reported earnings now, so that's becoming less significant for determining market direction.

AAPL, FB, and LNKD all had disappointing price reactions after reporting earnings. HPQ rallied on Friday. SNE and AVP sank.

New all time highs:    ABC, BA, CBS, CMCSA, DAL, FDX, NWSA, TJX, PRGO
All time lows:  ... 

Pops:     Drops:  AVP, CMI, SNE, SOHU

Next week: Economic reports   Monthly Jobs report on Friday
 Earnings next week:

Mon - 

Tue - TSLA

Wed - QCOM, WFM

Thu - DIS, PCLN

Fri - 

Market Commentary

MACD divergence and a weak RSI might point to further weakness in AAPL. The market in general could be setting up for a pause in the rally. The monthly Jobs report on Friday could move the market too. If this price channel pattern which started earlier this year continues, we should see another pullback over the next few weeks.

This week's charts:

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

Commodities/Futures (charts):
Crude Oil dropped again, closing near $94.61 -holding under $100
Natural Gas dropped, closing near $3.51
Gold dropped, closing at $1313
The 30 year Bond was mostly unchanged, closing near $135.75
The US Dollar was up, closing near 80.81

NEWS:

Week ahead: Jobs report and a lot more (video)
Trading this week's jobs report (video)
The Dangers of a Stock Market Melt-Up
Fed’s Bubble Alarm Stuck on Snooze
Expect Debt Defaults to Go from a Trickle to a Torrent
Here's how Bill Gross is playing post-Fed market
Rich families hoarding cash: Citi
Are China’s Banks Next?