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...