Stock Market update: 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