Stock Market update: Stock Market Blog -May 25th

The market rallied yet another week, disappointing all the bears out there. Looks like May will close higher if we keep up this trend for another week.

Gold continues to trade under $1300, while Oil is approaching $105.
TIF rallied on earnings. DKS plunged.
NFLX saw a nice rally this week too.

New all time highs: AVGO, CVS, DAL, LUV, NVS, NSC, SNDK, HUM, WLP, Z
All time lows: -ANR

Pops: TIF Drops: DKS

Next week: Economic reports,

Earnings: AZO, KORS, TOL, COST

Market Commentary

Looks like the support level I mentioned last week on the Small-Caps held, and we got a nice rally from there (IWM). The S&P500 closed at an all time high too. Looks like we could see more upside action for a little while, as the NASDAQ and Russell 2000 play catch up... The VIX also hit another low, disappointing all the traders that are long the VIX! We will eventually get a VIX rally though.

For Option traders, because of the low Volatility, Calendar Spreads would be appropriate here.

This week's charts:

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

Commodities/Futures (charts):
Crude Oil was up, closing at 104.20 -holding above $100
Natural Gas was mostly unchanged, closing at 4.40
Gold was mostly unchanged, closing at $1291
The 30 year Bond dropped a bit, closing near 136.97

The US Dollar was up a bit closing at 80.44