Stock Market update -Mar 29th

The market dropped this week, giving back the gains from the prior week. Earnings will probably drive market direction in the coming weeks, but the market is looking like its starting to lose some steam.

If you're a short term trader, the 20MA on the S&P500 is now trending down, and the chart also shows a small double top. The 50MA still has an upward slope though (for the longer term traders).

SNDK plunged while ALTR popped... and SWKS saw some big swings this week
Kraft and Heinz announced a merger, as did Intel and Altera.


New all time highs:    AZO, KRFT, HLT, 
All time lows:   
Pops:     ALTR
Drops:  KSU, SNDK

Next week:  Economic reports,   Markets closed on Good Friday! Monthly Jobs report on Friday...
Earnings:     , 

This week's charts:
S&P 500 -is this just a huge distribution top that started in December?
10yr Interest Rates -remaining low?
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Natural Gas was down a bit, closing at $2.64
Crude Oil was up, closing near $48.87
Gold rallied, closing near $1199
The 30 year Bond was up a bit, closing near 164.40
The US Dollar was down , closing at 97.52 -still under 100

NEWS:
The U.S. economy is showing cracks
Opinion: This is nothing like the 2000 dot-com bubble
Is public debt a problem around the world?
More countries say to join China-backed AIIB investment bank
Tesla's Model X could send its stock skidding: Pros
Google and Johnson & Johnson team up to build surgery-assisting robots

Semiconductor Stocks Are Getting Hammered Even More Than Biotech
How much are you losing to 401(k) fees? You'd be surprised
The Federal Reserve explained
As Silence Falls on Chicago Trading Pits...

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Stock Market update -Mar 22nd

We got a nice Fed rally this week, the opposite of what most people expected. The US Dollar pulled back, while Gold and Bonds rallied. Looks like we'll close out the quarter on a high if the rally continues next week, and there's no indication that it won't. The Biotech sector (IBB) continues on its somewhat parabolic move up.

The Small Caps (IWM) closed the week at an all time high! As did a number of DOW components (see below). The Nasdaq is close to taking out its 15 year high.
AAPL is now in the DOW (though it did not reach an all time high this week), and AT&T is now out of the DOW.
Things are still stirring up in Europe with the financial issues in Greece.


New all time highs:      ACT, AVGO, BIIB, CTSH, DIS, DG, ENDP, FB, FL, HD, HON, IBB, ISIS, INTU, IWM,  CELG, NKE, TGT, VRTX, UNH, and more!
All time lows:   WTW
Pops:     BIIB, CTRP
Drops:  

Next week:  Economic reports,   
Earnings:     LULU, 

This week's charts:
S&P 500 -
10yr Interest Rates -rising?
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Natural Gas was unchanged, closing at $2.78
Crude Oil was up, closing near $45.67 
Gold rallied, closing near $1184
The 30 year Bond was up, closing near 164.15
The US Dollar was up again, closing at 98.17 -back under 100

NEWS:
Wall St. rises on Nike, lower dollar; Nasdaq hits 15-year high
Market Wrap: Wall Street Rises, Snaps 3-Week Losing Streak
Dovish Fed whipsaws financial markets
Ray Dalio Warns: Fed May Be Repeating The Mistakes Of 1937
Why the massive biotech rally could continue

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Stock Market update -Mar 15th

The market continued to lose ground this week and could be signaling a bigger correction -only time will tell. The Fed meeting this week will likely be the catalyst for the next move (up or down). The US Dollar continues to rise, as the Euro, Oil, Gold, and commodities continue to fall. The Euro is now trading near 1.04 vs. the Dollar!


DIS hit another all time high, as did HUM -both Dow stocks. DD and UNH are approaching all time highs too.
AAPL finally announced their new watch, and also got included in the Dow, but the stock dropped. Lots of disappointed investors!

New all time highs:      AET, AGN, DG, DGX, HUM, KR, NXPI, SWKS, TGT, ULTA
All time lows:   BSBR
Pops:     DG, LOCO
Drops:  ARO, INTC

Next week:  Economic reports,   FED Meeting
Earnings:     ADBE, FDX, ORCL, NKE

This week's charts:
S&P 500 -heading further down?
10yr Interest Rates -rising?
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Natural Gas was down, closing at $2.72
Crude Oil dropped again, closing near $44.84 -dollar casualty?
Gold dropped again, closing near $1152 --dollar casualty?
The 30 year Bond was up, closing near 145.68
The US Dollar was up again, closing at 100.31 -now over 100!

NEWS:
Lessons From Another Tough Week And The Big Day Ahead
Six Years Of Bull Market Bull
It's all about the Fed, but watch for these flareups
As U.S. hits debt limit, Treasury takes steps to extend borrowing
Watch out KFC: El Pollo Loco is sizzling
BlackBerry's new tablet is a Samsung Galaxy Tab S
Opinion: Is Yahoo’s main business really worth negative $4 billion?
Apple stock gets strike three

Gold Breaks Below Key Technical Levels, Speculation Crude Could See $20
Bank of England warns of further financial ‘short sharp shocks’
The hottest stock market in the world right now is...
This is why the euro is collapsing
Rate Cuts: 24 Central Banks So Far and There's More to Come...


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The market rolled over this week on Friday after the monthly Jobs report was released. The Unemployment rate came in at 5.5%. Everything dropped -stocks, bonds, gold... Only the US Dollar was up. This could be the start of a bigger downturn in stocks.

AAPL is being added to the DOW...


New all time highs:      CMCSA, EBAY, FL, PNC, TWC -short list this week!  
All time lows:   
Pops:     
 Drops:   LL

Next week:  Economic reports,   
Earnings:      DG, KKD, LOCO, SHAK, ULTA, 

This week's charts:
Natural Gas was mostly flat, closing at $2.83
Gold dropped, closing near $1164
The 30 year Bond plummeted, closing near 143.37
The US Dollar was up again, closing at 97.60

NEWS:
US stocks fall sharply on fears of pending rate hikes; Dow below 18K
Bonds sell off after strong US Feb. jobs report
Gold has worst day since Dec. 2013, erases year's gains
With dollar at 11-year high, here's what's next


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Stock Market update -Mar 1st

The market rally cooled off a bit this week after hitting more all time highs. I continue to believe that this very long rally won't take a breather until the NASDAQ exceeds its all time high from the year 2000 (15 years ago!).

CRM popped on earnings, HPQ dropped...


New all time highs:       ABT, ADBE, CVS, MNST, ROST, TSO, 
All time lows:   
Pops:     ARUN, FSLR, CRM, AVGO, MNST, ROST
 Drops:   HPQ, LL

Next week:  Economic reports,   Monthly Jobs report on Friday
Earnings:      AZO, ANF, BBY, COST, DKS, FL, PETM, SPLS

This week's charts:
Natural Gas dropped a bit, closing at $2.73
Gold was up, closing near $1213
The 30 year Bond was up, closing near 147.03
The US Dollar was up, closing at 95.32

NEWS:
US stocks post strong gains for February
U.S. fourth-quarter GDP trimmed to 2.2% from 2.6%
Inflation trend turns negative for first time since 2009
China boots Apple, others, off state purchase list
Forget Greece, Japan is the world's real economic time bomb

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