Stock Market Blog -Jul 27th

The market was mixed this week among geopolitical concerns and mixed earnings reports. The NASDAQ 100 continues to lead though, while the Small-cap Russell is lagging.

-AMZN dropped $34 after reporting earnings. Shares also dropped in DNKN, MCD, V, P, QCOM, and XLNX.
-FB and CMG rallied, as did BIDU, CIT, ISRG, VRSN, UA, Z, TRLA

New all time highs:   ATVI, BIDU, CMG, FB, HCA, LUV, UA, TRLA, Z
All time lows:   -TCS

Pops:    ,    Drops:  

Next week:  Economic reports,  * Fed meeting, Monthly Jobs report, more Earnings *

Hi flyers...

Bouncing off the top...

Earnings:     
MON  - CMI, HLF, SU

TUE  -AXP, AMGN, ESRX, BP, MRK, PFE, TWTR, UPS

WED  -MET, PSX, WMB, WFM

THU  -APA, COP, CL, MA, OXY, TWC, TSLA, XOM, 

FRI -CVX, PG

Market Commentary

Earnings season continues, and maybe we'll get more sideways action. Watch out however for the Jobs report on Friday, and also possible reaction after the Fed meeting. The up-trend is still intact, except maybe for the Small-caps (IWM) -chart below.

Implied Volatility in the Options market is trending higher. If you are an Options trader, Credit Spreads become more attractive here, especially with earnings events.

The Nasdaq Composite may be setting up for a 'double top'

This week's charts:

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

Commodities/Futures (charts):
Crude Oil dropped, closing around $102.09 -holding above $100

Natural Gas dropped, closing near 3.78
Gold dropped a bit, closing at $1303 -holding above $1300

The 30 year Bond was up again, closing near 138.65

The US Dollar was up also, closing near 81.12

NEWS:

Stocks end week on sour note
Week Ahead: July Jobs Report, FOMC, GDP and Earnings
Busiest week of the summer coming up (vid)
Microsoft May Be A Good Short From Here
Microsoft Heading Toward All-Time High On Strong Cloud Momentum
Investors are fed up with Amazon, says analyst
Zuckerberg Wealthier Than Google's Brin, Page

Based on the Non-Massaged Data, the US is Back in Recession
Billionaire Warns: Yellen Collapse 'Will Be Unlike Any Other'
Gold's Fundamentally-Driven Strong Season Getting Underway
Top Ranked Gold And Silver Miners To Own Today
S&P warns Europe debt market near pre-crash levels
China’s debt soars to 250% of GDP