Stock Market Blog -Feb 23rd

The market seemed to be stuck in a range this week. FB managed to cross $70, a new all time high. PCLN also reached a new all time high after reporting earnings. And believe it or not, DIS also reached a new all time high. Next week we'll probably see whether the market will continue the long term up-trend and break out higher above this resistance level.  Commodities have been on the rise too.

New all time highs:   BIIB, DTV, CBS, CRM, DATA, DIS, EXPE, PCLN, INTU, LNG, MAR, TSN, UA...
All time lows:   -

Pops:  FRX, SSTK      Drops:  GRPN, 

Next week:  Economic reports,   

Earnings:     GPS, HD, LOW, TGT, M, JCP, BBY

Market Commentary

The S&P500 tried, but couldn't break through the 1850 level. Friday was options expiration for February, and with that out of the way, maybe now we'll see a breakout or a breakdown. The S&P500 has been stuck at the current level all week.  After the big breakdown we saw in January with heavy volume, I think the risk is still to the down side.

This week's charts:

S&P 500 -still on top!
10yr Interest Rates
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil was up, closing at $102.20 -still over $100!
Natural Gas saw a big rally, closing  at $6.13
Gold rallied a bit, closing at $1323 -holding over $1300
The 30 year Bond was mostly unchanged, closing at 133.10
The US Dollar was  mostly unchanged, closing at 80.27

NEWS:
What's next: Earnings and business reports due February 24-26 (Video)
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Is Facebook's acquisition of WhatsApp a desperate move?
Why Shutterstock is up 500% since IPO (vid)
Apple looks an awful lot like Microsoft: Pro
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10 Things a Burglar Doesn’t Want You to Know

Stock Market Blog -Feb 16th

The market (S&P500) continued to rally for a second week, erasing most of the losses from the beginning of the year! With earnings out of the way, and no more debt ceiling concerns, there appears to be little in the way to really trip up this market. The DOW and the Small-cap Russell 2000 (IWM) are lagging, and still need to take out this year's losses. Gold rallied past $1300, and Oil closed just over $100.

FB and GOOG hit an all time high again this week!
CSCO and WFM dropped after reporting earnings.

New all time highs:   ADBE, ALXN, CBS, CRM, DIS, DFS, ESRX, FB, GOOG, ORLY, TWC, and more...
All time lows:   -

Pops:  TWC      Drops:  RAX, WTW, WFM

Next week:  Economic reports,   Markets are closed on Monday!!

Earnings:    GRPN, HLF, HPQ, KO, PCLN, TSLA,  WMT, 

10 year Biotech performance!

Market Commentary

Last weeks comment: "We could see this reversal continue next week and maybe take out the 1800 level again." -we did it, and then some!

I think the rally will continue some more till the Small-Caps and the DOW catch up to the S&P and take out the highs for the year. After that we'll have to wait and see what happens. Keep an eye on WMT earnings next week too.

This week's charts:

S&P 500 -back on top!
10yr Interest Rates
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil was up, closing at $100.30 -closed over $100!
Natural Gas rallied, closing  at $5.21
Gold rallied, closing at $1318 -back over $1300!
The 30 year Bond dropped, closing at 132.91
The US Dollar was down, closing at 80.18

NEWS:
Worst over for stocks? Depends on earnings
Dividend hikes, consumer clues eyed in week ahead
There's just no making sense of this stock market

Obama signs increase in U.S. debt ceiling
World's biggest PC maker posts 30% profit jump (vid)
The price of gold is above $1,300 an ounce for the first time in months... (vid)
Tom Perkins: Taxes will lead to 'economic extinction' of the 1%

Stock Market Blog -Feb 9th

The market rebounded this week in spite of another disappointing monthly Jobs report. Could be just a short covering rally, as we approach 1800 on the S&P500 again. Earnings season is mostly over, so we look to new catalysts to drive the market going forward.


New all time highs:   ADBE, AZO, ORLY,  ATHN, FB, EXPE, NFLX, HON, KORS, LOCK, MCO, UA, WYNN and more...
All time lows:   -

Pops:    ATHN, AKAM, EXPE,  KORS, GMCR, YUM    Drops:  DNB, LNKD, TWTR, 

Next week:  Economic reports, 

Earnings:    CSCO, WFM

Market Commentary

We could see this reversal continue next week and maybe take out the 1800 level again. The overall up-trend is broken though, so unless we get back into the up-channel and stay there, look to sell the rallies.

This week's charts:

S&P 500 -up-trend broken?
10yr Interest Rates
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil was up, closing at $99.88 -touched $100!
Natural Gas was down, closing  at $4.77
Gold was up, closing at $1263
The 30 year Bond was mostly unchanged, closing at 133.31
The US Dollar was down, closing at 80.76

NEWS:
Stocks rebound to post gain for the week
Stocks rally as growth worries fade; Dow posts best day of the year
'Ugly correction' coming: Dennis Gartman
Chart: What’s the real unemployment rate?
Republicans Discover Evidence of Jobs Crisis
Why the bad jobs number is really bad for the Fed
Why the dollar stays steady as America declines
Why Apple could be dead money for the next decade
The One Thing Everybody Got Wrong About Twitter

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Japan will have a bond default: Fund manager
Moody's cuts Puerto Rico to junk
S&P cuts Puerto Rico's general obligation debt ratings to junk
Gold bugs, be patient your time is coming
Gold Price - Rising Wedge Formation on Verge of Collapse after US Job Data

Stock Market Blog -Feb 2nd

We closed out January with about a 5% loss in the Dow, while the S&P500 managed to also stay below the 50MA. Not a good year so far. Bond yields dropped a bit. Emerging markets continued to fall (EEM). Next week we get more earnings reports, along with the monthly Jobs report -both potential market movers.

AAPL surprised everyone on reporting earnings, causing the stock to drop around $50. Other big earnings movers included CAT, CMG, GOOG, AMZN, FB

New all time highs:   CMG, CMCSA, FB, GOOG, LOCK, NFLX, QIHU, UA, WYNN
All time lows:   -ABEV, BSBR, JCP

Pops:  ALXN, CMG, FB, GOOG, ZNGA,        Drops:  AAPL. AMZN, ADT, CVX, MAT

Next week:  Economic reports,  Monthly Jobs report on Friday!

Earnings: 

Mon -YUM

Tue -BP, KORS,

Wed -DIS, MRK, TWTR, HUM, GMCR, HD

Thu -GM, AET, SNE, DNDN, LNKD, EXPE, LOW

Fri -

Market Commentary

Next week we get more earnings reports . The short-term up-trend in the market seems to be broken for now. We could see a bounce from here though, then maybe followed by some more selling (we are at a support level here). Lets see how the market reacts to the Jobs report on Friday. We also have 4 DOW stocks reporting next week, including HD and DIS, both of which have tripled in the past 5 years!

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 $97.49 -under $100
Natural Gas was down, closing  at $4.94
Gold dropped, closing at $1239
The 30 year Bond was up, closing at 133.6
The US Dollar was up, closing at 81.40

NEWS:
 January proves to be worst month for US stocks in more than a year

More bumps ahead as market awaits jobs
Chevron suffers Big Oil blues as US gushes fossil fuels (vid)
Cramer: How earnings could double at this tech 'monster'
Snapchat and the Disappearing Bears in the Stock Market
Why Mr. Market Is Still Wrong About Apple

Bernanke: One of the Best Fed Chairs Ever
Emerging market funds lose $9 billion in past week: Data
Crisis in Argentina sparks new gold rush
West-to-China gold flow props up prices