Stock Market Weekend Update -Nov 23rd

Another week, another record high in the markets (S&P500) -we have had a non-stop rally since mid-October! Lots of new all-time highs (below). We'll see what next week brings, but odds favor a pullback in the near future. Bonds have been holding up in spite of the stock rally. Gold continued to recover, in spite of a continued rally in the US Dollar.

The short-term trend is still 'up', so no reason to really be bearish until we see a change in this short-term trend.  Next week is a short trading week because of Thanksgiving.

New all time highs:   AAPL, ABBV, AMT, BRK.B, MDT, FL, FDX, LOW, ADSK, ROST, UNP, EEP, CSX, PEP, M, MMM, ESRX, STX, NKE, DG, DLTR, COV, COST, INTU, AMGN, ADM, V, and more...

All time lows:   --

Pops:     BBY, LOW, TGT, SPLS, PETM, ROST, WSM,    Drops:   GME, GMCR

Next week:  Economic reports,   

Earnings:     

This week's charts:

S&P 500 -more all time highs!
10yr Interest Rates
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil was up, closing at $76.51 -now heading back up?

Natural Gas was up, closing at 4.26
Gold was up, closing at 1198 -still under $1200!

The 30 year Bond was up  a bit, closing at 142

The US Dollar was up, closing at 88.40

Everything was up!

NEWS:

Stocks close up for the fifth week; Dow, S&P at records
Is a market top setting up?
5 Must-See Charts - views
Best Buy profit beats, sending shares higher
Ross Stores tops Street 3Q forecasts
Earnings Up 10.5% Last Quarter

Apple-backed Rockstar ends patent war on Android, deal suggests
Firefox dumps Google for Yahoo as default search engine
5 Best Android Phones to Buy This Holiday Season for Anyone

Stock Market Blog -Nov 16th

The market was pretty much flat all week, though AAPL and AMZN rallied. Gold also rallied, while Oil dropped. The equity market may be getting tired here after this monster rally for the past month. We get earnings from a couple of retailers this week.

Implied Volatility in BABA is still high, so selling Credit Spread options might make sense here, in anticipation of a drop in IV.

And our National Debt is quickly approaching the $18 trillion mark -thats $18,000,000,000,000!
(see clock on the left)

New all time highs:   AAPL, ADSK, BRK.B, COST, CVS, GMCR, JWN, MAR, RHI, RCL, SYF, UAL, WMT

All time lows:   ANGI

Pops:        Drops:    , 

Next week:  Economic reports,   Fed minutes...

Earnings:     HD, TGT, BBY

This week's charts:

S&P 500 -hanging near all time highs!
10yr Interest Rates
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil was down again, closing at $75.48 -heading under $70?

Natural Gas was down, closing at 4.15
Gold was up, closing at 1185 -still under $1200!

The 30 year Bond was up, closing at 142.19

The US Dollar was down slightly, closing at 87.40

NEWS:

The surge is over, but this is what's up next for stocks
Oil prices collapse as OPEC stands back, while US booms

China’s stock market cracks open

Japan's economy contracts in third quarter

Stock Market Blog -Nov 2nd

The market continued the huge rally this week, as the Dollar rallied and Gold plunged, thanks in part to the Bank of Japan announcing yet another stimulus program.

BABA reports earnings for the first time on Tuesday

New all time highs:   AAPL, AMGN, BIDU, CELG, CSX. DIS, GILD, HD, MA, MMM, MDT, LOW, NKE, TSO, UAL, UPS, V, and more!

All time lows:   AU, PWE

Pops:    GPRO, LNKD, MA, V    Drops:    FB,  TWTR, 

Next week:  Economic reports,   elections on Tuesday, ...monthly Jobs report on Friday!

Earnings:     

Mon -

Tue -BABA, CVS, KORS, PCLN

Wed -

Thu -DIS

Fri -

This week's charts:

S&P 500 -ALMOST A NEW ALL TIME HIGH!
10yr Interest Rates
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil was down again, closing at $80.33 -heading under $80!

Natural Gas rallied, closing at 4.04 -over $4
Gold dropped, closing at 1167 -back under $1200!

The 30 year Bond was down, closing at 141.25

The US Dollar was up again, closing at 87.30

NEWS:

Fed ends 6-year effort to stimulate economy (vid)
Alibaba stock bulls, bears load up before earnings
Google’s Expected $100 Billion Cash Pile Prompts Call for Dividend
Gold Extends Decline Toward Lowest Since 2010 as Silver Tumbles
.