Stock Market Blog -Jul 13th

The market pulled back this week, but the up-trend is still intact (the small-cap IWM saw a big pullback). With a slew of earnings reports scheduled for next week, as well as Options expiration on Friday, it's hard to tell where the next move might take us. Gold rallied and so did Bonds, while Oil and Natural Gas dropped. Also in the commodities market, Grains have been dropping (chart below).

New all time highs:   
All time lows:   -

Pops:    ,    Drops:  LL

Next week:  Economic reports,  

Grain prices have been dropping...

Earnings:     
MON  -C

TUE  -BAC, INTC, JNJ, JPM, YHOO

WED  -EBAY, 

THU  -GOOG, IBM, MS

FRI -BK, GE, HON

Market Commentary

Next week begins earnings season again, with a number of Tech companies reporting. We could see this market begin to show signs of topping.

Implied Volatility in the Options market is beginning to trend higher. If you are an Options trader, Credit Spreads begin to look more attractive here, especially with earnings events.

This week's charts:

S&P 500 -holding up
10yr Interest Rates
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil dropped, closing at 100.83 -now barely holding above $100

Natural Gas dropped, closing at 4.14
Gold was up, closing at $1321 -holding above $1337

The 30 year Bond was up, closing near 137.37

The US Dollar was down a bit, closing at 80.23

NEWS:

Stocks close higher ahead of major earnings week
What investors are looking for in tech earnings next week
Citigroup Leads Parade of Bank Earnings Next Week
Cramer’s game plan: 10 earnings plays for next week

Mutual fund outflows hit $7.8 billion on Fed rate hike fears
Bull market in its final stage: Ed Yardeni
China's economic growth quickened in Q2: Premier