Stock Market update -Feb 1st

Overall the market was down this week and for the month as well, with lots of ups and downs in between. GDP numbers were weak, as well as earnings from some companies, with some affected by the strong Dollar. Next week we'll probably see more of the same, with the market looking weak at this point. We seem to have been forming a top since December, with lower highs on each rally. Bonds continue to rally as well, not a good sign.

Earnings rallies included AAPL, AMZN, BA, BIIB, HAR
Earnings drops were seen in BABA, CAT, MSFT, PFE, PG, QCOM, YHOO

Financial troubles seem to be stirring up in Europe again, as Bonds dropped in Greece after their election.


New all time highs:    BIIB, HAR, SWKS, UA, WEN
All time lows:   ALLY
Pops:     Drops:   

Next week:  Economic reports,   Monthly Jobs report on Friday
Earnings:      
Mon:  XOM,
Tue:   BP, CMG, DIS, 
Wed:  GM, GMCR, HUM
Thu:  TWTR
Fri:   

This week's charts:
Natural Gas was down, closing at $2.69
Gold was down, closing near $1279 -moving up!
The 30 year Bond was up, closing near 151.28 -still moving up!
The US Dollar was up again, closing at 95  -still moving up!

NEWS:
Stocks skid for second month; Dow falls 250 pts (vid)
Hey, Bulls: This Stock Market Is Signalling It's Going Down
Jim Cramer's 'Mad Money' Recap: Here's Next Week's Game Plan

Tim Cook's Apple is hot. But can it keep going? (vid)
Apple ascendant: 74.5M iPhones sold last quarter (vid)
1B Android phones shipped in 2014, but they don’t all help Google
Chromecast is now the No. 1 streaming device in the U.S., users have casted 1 billion times
Citi Picked the Wrong Week to Quit Hedging Swiss Francs


Posted by 123Trader

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