New all time highs: COV, MCK, SYNA -short list!
All time lows: --BSBR, ARCO, ABEV
Pops: NFLX, JNPR Drops: CSX, CLF, HLF, KSU, NOK, WYNN
Next week: Economic reports, -Fed meeting, GDP report,
Earnings:
Mon -AAPL, CAT, STX, X
Tue - AMGN, DD, DDD, F, T, PFE, YHOO
Wed - BA, BIIB, FB, LVS, QCOM
Thu - CELG, MMM, MO, UPS, V, XOM, AMZN, CMG, GOOG
Fri - MA
| Market Commentary |
Next week we get a barrage of earnings reports . The VIX finally spiked off the bottom, possibly indicating more downside action to come. I've said before that this market rally is long in the tooth, and continue to think that we will see a correction in coming weeks. The S&P500 also dropped below the 50MA on Friday. Selling rallies might be an appropriate trading strategy here.
This week's charts:
S&P 500 -up-trend intact
10yr Interest Rates
Labor Force Participation Rate (10 year chart)
Commodities/Futures (charts):
Crude Oil was up, closing at $96.82 -under $100
Natural Gas was up, closing at $5.09
Gold was up a bit, closing at $1264
The 30 year Bond was up, closing at 132.8
The US Dollar was down, closing at 80.55
10yr Interest Rates
Labor Force Participation Rate (10 year chart)
Commodities/Futures (charts):
Crude Oil was up, closing at $96.82 -under $100
Natural Gas was up, closing at $5.09
Gold was up a bit, closing at $1264
The 30 year Bond was up, closing at 132.8
The US Dollar was down, closing at 80.55
What happened here?
Traders watching for signs to see if this selloff is the big one (vid)
Daily State Of The Markets: Is It Time To Worry Again?
Apple preview: What investors and traders expect on Monday
Facebook to lose 80% of its users by 2017, according to a new study (vid)
Currency Massacre In Emerging Markets
Emerging market turmoil punctuates rough start to 2014
Argentina's Currency Falls Sharply Against the Dollar, Stirring Inflation Fears
Puerto Rico On The Brink Of Default
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