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

Over-Stimulated, Over-Priced
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


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