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

Posted by 123Trader

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