Stock Market Blog -Jun 15th

This week the market took a small break from the recent non-stop rally. Oil rallied however.
INTC popped after raising forecasts. AAPL pulled back a bit, but we'll likely see $100 before long -that will get us back to the all time high of $705 (split adjusted).

New all time highs:  APC, CP, DYN, EOG, FOX, TRV, TV
All time lows:   -

Pops:    FDO, INTC, OPEN, YELP   Drops:   DAL, LULU

Next week:  Economic reports,   CPI report, Fed meeting, quarterly Options expiration

Earnings:     

 

 

Natural Gas stocks doing well...

 

 

Market Commentary

From last week: 'We are at the upper end of the recent rally, so we could see a turn next week.'

-so this week's pullback was not unexpected. Lets see where it goes from here -we could get a bounce as we approach the end of the quarter, as well as Options expiration. I have a hunch we'll soon see the S&P500 at 2000 as well, since it's so close. Of course, DOW 17000 is fast approaching too.

If you are an Options trader, because of the low Volatility, this is a good time to do Calendar Spreads.

 

This week's charts:

S&P 500 -small pullback so far
10yr Interest Rates -holding
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil rallied, closing at 106.91 -continuing to rise

Natural Gas was mostly flat, closing at 4.74
Gold was up, closing at $1274
The 30 year Bond was up a bit, closing near 135.78

The US Dollar was mostly unchanged, closing at 80.65

NEWS:
Stocks: Friday the 13th bounce
The Week Ahead: Why You Shouldn't Invest Like a Hedge Fund
Charting the approach of S&P 2000
This Bearish Russell 2000 Pattern is Still Alive
Six Indicators To Confirm The Bear Market
4 stocks that have tripled — and are set for more gains

Time to say RIP RadioShack; is Best Buy next?
World Bank: 'Now is the time to prepare for next crisis'
Number of millionaires worldwide skyrocketed in 2013
Without Iraq's oil, prices could hit $150-$200: Pickens