Stock Market Blog -Apr 26th

Nice week for the NASDAQ, finally clawing its way back to the year 2000 level. We also saw big moves in a number of stocks after reporting earnings (AMZN, DNKN, GOOGL, MSFT, SBUX, etc).

Next Monday we get AAPL earnings. If the S&P continues to rally, we could see a nice breakout to higher levels. Gold fell back below 1200 again, while Oil continued to climb. The Fed meeting on Wednesday could affect markets this week too.


Market correlations seem to be completely out of whack...
The Nasdaq is finally back to the level it was 15 years ago!

New all time highs:    AMZN, DTV, DNKN, SBUX, 
All time lows:   
Pops  AMZN, DNKN, DTV, FTNT, GOOGL, MSFT, SBUX, YUM     Drops:     CMG, TXN, 
Mergers/Deals:  

Next week:  Economic reports,   More earnings reports!  Fed meeting...
Earnings:     
M:  AAPL, GLW, GPRO, MRK, PFE
T:   BP, BMY, BSX, F, TWTR, UPS 
W:  BIDU , HUM, KO, MA
T:   CELG, COP, GILD, LNKD , V, XOM
F:   CVX

This week's charts:
S&P 500 -more earnings next week...
10yr Interest Rates -remaining low?
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Natural Gas was unchanged, closing at $2.53
Crude Oil was up a bit, closing near $57.42
Gold was down again, closing near $1179 -struggling to stay above $1200
The 30 year Bond was down, closing near 162.81
The US Dollar was down a bit, closing at 97.10 -heading back down?

NEWS:
Amazon hits new high; Google, Microsoft and Starbucks zoom higher
What to Expect When Apple (AAPL) Reports Earnings Monday
The market is getting nervous about something experts are struggling to define
Investors Really got it Wrong With Nasdaq ETFs
Flash crash: Trader 'a strange character but genius'
Doubling your money: The 'rule of 72'


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Stock Market Blog -Apr 19th

We closed out this months Option expiration cycle on Friday with a big drop in the market -very unusual. Something to do with China and Greece supposedly. Regardless, the S&P500 has not been able surpass its recent highs in quite some time, and as I mentioned in previous posts, I think we are just forming a big rounded top. Earnings could be a catalyst for the downside in coming weeks.

Meanwhile Europe's woes continue. Oil prices continued to rise this week as the Dollar lost some ground.

NFLX soared after reporting earnings, AXP dropped


New all time highs:    NFLX ..  (short list this week)
All time lows:   
Pops & Drops:     NFLX up,  EWG down
Mergers/Deals:  Nokia to buy Alcatel-Lucent

Next week:  Economic reports,   Lots of earnings reports!
Earnings:     
M:  HAL, IBM, MS, 
T:   AMGN, CMG, DFS, VZ, TRV, UA, UTX, VMW, YHOO, YUM
W: BA, CTXS, EBAY, FB, KO, MCD, QCOM, T
T:   AMZN, CAT, FCX, GM, GOOGL, LLY, LUV, MMM, MSFT, MO, PEP, PG, SBUX, UNP,
F:   BIIB

This week's charts:
S&P 500 -watch earnings next...
10yr Interest Rates -remaining low?
Labor Force Participation Rate (10 year chart)

15 years of TASR!


Don't leave home without it!  AXP in a down trend (52 week low)...


Are we there yet? Brazil declining for several years!

Commodities/Futures (charts):
Natural Gas was up, closing at $2.64
Crude Oil was up quite a bit, closing near $56.14
Gold was unchanged, closing near $1203
The 30 year Bond was up, closing near 165.12
The US Dollar was down a bit, closing at 99.70 -heading back down?

NEWS:
Earnings gusher is next test for stocks after market wipeout
S&P to start its correction today, analyst warns
Start of correction? No, say experts
In online ads, it's Google, Facebook and then who?
GE posts first quarter loss of $13.6 billion
Amazon, Google and More Are Drawn to Home Services Market
The Apple Watch won't be available on April 24

U.S. economy isn't growing fast enough
Fannie and Freddie Restart Risky 'Affordable Housing' Programs
China's March exports shrink 15 percent year-on-year in shock fall
China makes big cut in bank reserve requirement to fight slowdown
Let's face reality, Greece is bankrupt: Marc Faber
We're coming up on another crunch week in the Greek bailout saga

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Stock Market update -Apr 12th

On Monday the market reversed all the losses from last Friday's disappointing Jobs report and never looked back! Next week we'll look at the impact from the first set of earnings reports. Bonds were a little weaker while Gold and Oil were mostly flat. The US Dollar regained its strength.


New all time highs:    ABC, CERN, CUDA, DLPH, ESRX, FTNT, HCA, HZNP, HLT, BX, LO, NVS,  NVO, TWC, TGT, and more...
All time lows:   
Pops:     
Drops:  
Mergers/Deals:
Royal Dutch Shell Plc agreed to buy BG Group Plc
Mylan made a $28.9 billion offer for Perrigo
FedEx will take over Dutch delivery company TNT Express

Next week:  Economic reports,   
Earnings:     
M:  
T:   CSX, INTC, JNJ, JPM, WFC
W: BAC, NFLX, PNC, SNDK
T:   C, AXP, BK, BX, GS, UNH
F:   GE, HON, STX

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

Commodities/Futures (charts):
Natural Gas was down, closing at $2.49
Crude Oil was up a bit, closing near $51.80
Gold was unchanged, closing near $1205
The 30 year Bond was mostly unchanged, closing near 163.81
The US Dollar was up, closing at 99.73 -approaching 100 again

NEWS:
Epic rally in stocks to keep running
This is the next thing that could rock stocks
Dimon: Another crisis is inevitable
'Corrupted' bond market upside-down
Here's how Ray Dalio crushed the first quarter
China market bubble? Bull vs. bear
China is poised to report worst growth since the financial crisis

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Stock Market update -Apr 5th

The S&P500 futures dropped on Friday morning after a very disappointing Monthly Jobs report, along with downward revisions for January and February. The labor participation rate continued to fall as well. Bond, Gold, and Oil markets were little changed for the week. Next week we could see follow thru weakness based on the Jobs report, as some of the indexes could break a support level.


New all time highs:    AN, CI, DKS, EXPE, HRS, KMX, LO, M, NVO, TGT,
All time lows:   
Pops:     
Drops:  

Next week:  Economic reports,   
Earnings:     AA, BBBY, FDO

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 up a bit, closing at $2.71
Crude Oil was up a bit, closing near $49.14
Gold was unchanged, closing near $1200
The 30 year Bond was mostly unchanged, closing near 164.56
The US Dollar was mostly unchanged, closing at 97.67 -still under 100

NEWS:
Futures sharply lower on jobs data miss (vid)
U.S. job gains weakest since 2013; unemployment rate steady
Chart of the Day -Mortgage rates
Chart of the Day -April performance
How Does UVXY Work?
Six Years Of Bull Market Bull ...by David Stockman
Central Bankers Are Running A Doomsday Machine

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