Stock Market update -May 31st

The market pulled back a bit this week as economic numbers continued to disappoint. We are still near all time highs however, and still in an up-trend. Bonds may be gaining some strength, while Oil is holding near $60. Biotechs are holding near their highs (IBB), and Semiconductors broke out to new highs (SMH). Worrying though is the Transportation index which has been trending down all year.

New all time highs:     AVGO, ATVI, AET, AMBA, CI, EBAY, FTNT, HUM, MDLZ, NFLX, NXPI, PANW, SBUX, SKX, ULTA
All time lows: 
Pops    BRCM, GME, HUM, TWC, TIF ,      Drops:  
Mergers/Deals:  Charter Communications to acquire Time Warner Cable,
Avago to buy Broadcom

Next week:  Economic reports,   >>Monthly 'Jobs report

Earnings:     AMBA, CIEN, DG

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 $2.64

Crude Oil was up a bit, closing near $60.23

Gold was up a bit, closing near $1190 -back below $1200

The 30 year Bond was up, closing near 156.46

The US Dollar was up a bit, closing at 96.98 -heading back up?

NEWS:

Wild week ahead as traders watch for June swoon
'Fast Money' Recap: Bristol-Myers' Stock Is Ailing, Health Care on the Rise
Google's Chromebooks Are Threatening Microsoft's Cash Cow
I'll toss Apple if it doesn't let go of it's iPhone crutch: Analyst
Avago to buy Broadcom for $37B in cash and stock

We are in the middle of a currency war: Strategist
As Greece leads the news, Italy’s problems mount