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?