Stock Market Blog -Jan 12th

This week the market rebounded a bit, in spite of bad news from the monthly Jobs report (only 74,000 jobs added -vs. approximately 200,000  expected. Also, the unemployment rate dropped to a surprise 6.7%, mainly because of people dropping out from those being counted, and not because they are getting jobs! Retail sales over the holidays was weak too. Bonds and Gold rallied.

New all time highs:    AET, BA, BIIB, CMCSA, DG, DTV, ESRX, CSX, MYL, STZ, PSX, UTX
All time lows:   

Pops:  ANF, FRX, ICPT, ISRG, MU, STZ,        Drops:   BBBY, SHLD

Next week:  Economic reports, 

Earnings: 

Mon -

Tue - JPM, WFC

Wed - BAC, CSX

Thu - AXP, C, GS, INTC, PNC, UNH

Fri - GE, MS, BK

Market Commentary

Next week kicks off earnings season for 2014. The year started off on a negative tone, so we'll see how the market reacts to company earnings in the next few weeks. We get earnings from all the big banks next week. The DOW appears to be a little weak.

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 dropped, closing at $92.74 -under $100
Natural Gas dropped, closing  at $4.13
Gold was up, closing at $1251
The 30 year Bond was up, closing at 130.84
The US Dollar was mostly flat, closing at 80.66

NEWS:

Disappointing jobs report (vid)
Big miss: December job gains just 74,000
2013 ends with weakest job growth in years
Earnings pose the next hurdle for stocks
5 market worries keeping Cramer up at night
Volatility could come back big-time—here's why

Chart of the Day: The real unemployment rate?
Consumer Stocks Hit Record Highs
PC Shipments Mark Steepest Decline With 10 Percent Drop
Apple reports record-smashing $10 billion in 2013 App Store sales
What a coffee bull market means for your latte
China first to consume 20 million vehicles a year, annual sales rise by 14%