Stock Market update -May 24th

The market was mostly flat this week, continuing to hold near all time highs. Not sure what catalyst will drive it higher or lower next, we'll just have to wait and see. Bonds may be one of the factors -we could be at a support level on Bonds and see a bounce. If it falls further,we could see a quick rise in interest rates.

Implied Volatility has been very low for some time now, possibly indicating an upcoming correction.

The Euro and other currencies dropped this week as the Dollar rallied.
WMT dropped after reporting earnings. HPQ was up a bit, as was DE
We've seen a nice run with some of the Banks since Feburary (GS, MS, etc)

New all time highs:     AET, CTRP, CI, DGX, DLPH, EXPE, ESRX, INTU, PANW, SWKS, SHAK, VRX
All time lows:  WIN
Pops      ,      Drops:   LL
Mergers/Deals:  

Next week:  Economic reports,   

Earnings:      AZO, ANF, GME, DECK, KORS, TIF, COST, PANW

This week's charts:

S&P 500 -holding on to the highs!
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas was down a bit, closing at $2.88

Crude Oil was mostly unchanged, closing near $59.89

Gold was up a bit, closing near $1223 -finally above $1205

The 30 year Bond was down a bit, closing near 154.03

The US Dollar was up, closing at 96.25 -heading back up?

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