Meanwhile Gold fell below $1200, and Oil rallied to close near $100 again.
New all time highs: AXP, AMZN, ARMH, ALXN, CMCSA, CVS, CSX/ODFL, DIA, DDD, EXPE, ESRX, FDX, FL, GOOG, HLF, HIMX, MMM, STX, TSCO, V, UA, UPS, and more...
All time lows:
Pops: RHT, Drops:
Next week: Economic reports ,
Earnings:
| Market Commentary |
Last week I said "If the market continues to act like it has on previous pullbacks, we will see it rally from this level". And rally it did! This up-trend continues to baffle the bears (and even some bulls). If you are baffled, one of the easiest ways to get an idea of when the rally has peaked is to use a pair of moving averages, and look for a cross. Which moving average you use depends on your time frame. For example if you are using a daily chart, maybe the 20 and 50 period averages could be used (chart example below).
This week's charts:
S&P 500 -new all time high again!
10yr Interest Rates
Labor Force Participation Rate (10yr chart)
Commodities/Futures (charts):
Crude Oil rallied, closing near $99.32 -approaching $100
Natural Gas was up a bit, closing near $4.41
Gold dropped, closing at $1203
The 30 year Bond was up a bit, closing near $130.09
The US Dollar was up a bit, closing near 80.75
10yr Interest Rates
Labor Force Participation Rate (10yr chart)
Commodities/Futures (charts):
Crude Oil rallied, closing near $99.32 -approaching $100
Natural Gas was up a bit, closing near $4.41
Gold dropped, closing at $1203
The 30 year Bond was up a bit, closing near $130.09
The US Dollar was up a bit, closing near 80.75
NEWS:
Wow! U.S. economy revved up
The 5 Hottest Tech Stocks of 2013
5 Stocks That Could Double in 2014
Stumbling Toward the Next Crash
Report: Chicago's Pension Woes Worse Than Detroit's
BlackBerry's brutal 2013 keeps getting worse
QE: The greatest subsidy to the rich ever?
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