Stock Market update -May 17th

The S&P500 closed at another all time high again this week, while the Russell 2000 continues to lag behind. Bonds continued to drop, but Gold was up and Oil held its ground. The Dollar continued its slide.

The S&P500 could break out higher from this level, dragging the other indices up with it. Only time will tell, but right now there is no bearish indicator on the S&P500 chart.

AOL popped on a buyout announcement

New all time highs:     ABT, AET, AMBA, ATVI, ACN, BX, DLPH, HON, NKE, MA, MDLZ, NFLX, V
All time lows:   
Pops      AOL,      Drops:    KSS, LOCO, RAX
Mergers/Deals:  AOL buyout

Next week:  Economic reports,   

Earnings:      BBY, CPB, CRM, DLTR, FL, HD, HPQ, L, TGT, WMT, 

This week's charts:

S&P 500 -another all time high!
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas was up, closing at $3.01

Crude Oil was mostly unchanged, closing near $59.96

Gold was up a bit, closing near $1223 -finally above $1200

The 30 year Bond was down a bit, closing near 155.53

The US Dollar was down a bit, closing at 93.30 -heading back down...

NEWS:

Ray Dalio's Bridgewater: This is not a bubble
S&P 500 sets record despite weak data; Netflix leaps 4.5%
Markets may show if stocks ready to break out or just fake out
What Disney, Apple, and Facebook have in common
Gold logs 3% weekly gain, best since January