Stock Market Blog -Mar 2nd

The S&P500 finally closed above 1850 this week (an all time high) -lets see if it holds. GDP was revised down.

CRM dropped after reporting earnings. ZU popped. TSLA continued its rally.

New all time highs:   ADBE, ABT, AET, AMGN, CVS, CBS, DFS, HD, QIHU, UNH, WAG, YELP, etc.
All time lows:   -

Pops:    ANF, TSLA, TGT, WDAY, ZU    Drops:  CRM, FSLR

Next week:  Economic reports,   *** Monthly jobs report ***

Earnings:     

Market Commentary

We continue to hover around the 1850 level on the S&P500. Next week we get the monthly Jobs report, a potential market mover. Earnings season is pretty much over, so we need a new catalyst to move the markets. If we breakout above this 1850 level, we could see additional upside action.

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 mostly unchanged, closing at $102.59 -still over $100!
Natural Gas plunged, closing  at $4.6
Gold mostly unchanged, closing at $1321 -holding over $1300
The 30 year Bond was up, closing at 133.06
The US Dollar was  down, closing at 79.72

NEWS:
Stocks End Upbeat Week on Mixed Note
U.S. GDP Flash: 4Q13 Economic Growth Revised to 2.4% from 3.2%
Serious catalyst looming on edges of market
Booming US energy sector feeds manufacturing, may overtake it
Crude prices could do an about-face, and soon