New all time highs: AGN, HCA, PSX
All time lows: -
Pops: AGN, Drops: P
Next week: Economic reports, * Fed meeting *, * Monthly Jobs report *
Earnings:
Mon - HLF
Tue - BMY, BSX, DDD, EBAY, MRK, PNRA, TWTR, VLO
Wed - MET
Thu - MA, CLX, KRFT, LNKD, COP, XOM,
Fri - CVS, CVX
| Market Commentary |
Looks like we may have hit some resistance after this recent rally. Lots of market events next week, so it's anyone's guess as to what will happen. If the market follows recent patterns, we are in for another down leg.
Implied Volatility on individual stocks tend to rise ahead of earnings, then drop sharply once the earnings are out. Options strategies can be used to take advantage of these predictable moves (e.g. selling Credit spreads).
This week's charts:
S&P 500 -forming a top?
10yr Interest Rates
Labor Force Participation Rate (10 year chart)
Commodities/Futures (charts):
Crude Oil was up, closing around $100.60 -dropping?
Natural Gas was mostly unchanged, closing at $4.65
Gold was up, closing at $1300
The 30 year Bond was up a bit, closing at 134.94
10yr Interest Rates
Labor Force Participation Rate (10 year chart)
Commodities/Futures (charts):
Crude Oil was up, closing around $100.60 -dropping?
Natural Gas was mostly unchanged, closing at $4.65
Gold was up, closing at $1300
The 30 year Bond was up a bit, closing at 134.94
The US Dollar was down a bit, closing at 79.82
How will the market react to Fed, earnings and jobs report? -Vid
Why it may not be smart to sell in May -Vid
How to play Apple’s surprise stock split -Vid
Why David Einhorn is right about tech stocks
Einhorn's Premature Bubble Call
Where Are All the Homebuyers?
U.S. Deficit Cut by Almost One-Third to $492 Billion: CBO
China New Credit Declines as Money-Supply Growth Decelerates
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