Stock Market update: June 2015

Stock Market update -Jun 28th

The market pulled back a bit this week, as it continues to trade in a range. Option traders can take advantage of this by trading Iron Condors on the Indexes. Bonds continued to slip (TLT), and this will probably continue till it finds a support level (which is not far off). Gold also continues to slip, and it too is near a support level (GLD). Oil is range-bound (USO). And maybe next week we'll finally get closure on the Greece situation -whatever that means.

Next week we head into the end of the 2nd quarter, and the holiday weekend. Happy 4th of July to everyone. The market will be closed on Friday!

NKE hit another all time high after reporting earnings. MU and MON dropped. NFLX announced a 7 for 1 stock split.

New all time highs: AET, CMCSA, CI, DIS, DG, DNKN, NKE, SEE, SBUX, UNH
All time lows:
Pops , Drops:
Mergers/Deals:

Next week: Economic reports, Monthly Jobs report on THURSDAY, not Friday

Earnings:

This week's charts:

S&P 500 -range-bound
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas was mostly unchanged, closing at $2.77

Crude Oil was mostly unchanged, closing near $59.65

Gold was down, closing near $1173 -holding below $1200

The 30 year Bond dropped, closing near 147.75

The US Dollar was up a bit, closing at 95.59

NEWS:

Stocks close lower for the week amid Greece, earnings
Aetna close to buying Humana: Bloomberg
Verizon now officially owns AOL
Facebook now worth more than Wal-Mart on stock market
Carl Icahn made around $2 billion on Netflix

Chinese stocks are getting smashed to pieces
Greece blinks, makes new offer to avert default
Forget Greece —it's time to worry about China
The latest Social Security horror story

Stock Market update -Jun 21st

The market rallied this week after the Fed meeting, and into quarterly options and futures expiration. We'll probably see the quarter end on a positive note, as the small-cap Russell 2000 takes out all time highs again. Bonds may be trying to find some support after the big drop this quarter. Gold was back over $1200 again, though I suspect this won't hold for very long.

A lot of traders have been trying to short this market, but until we see some of the moving averages start trending down, the rally will continue. Because we have been kind of directionless, its a good opportunity to sell Iron Condors on the indexes too.

New all time highs: CMCSA, CAG, CVS, DATA, DTV. DG, DLPH, NKE, PANW. SBUX, SWKS, TGT, more
All time lows:
Pops MSO, Drops:
Mergers/Deals:

Next week: Economic reports,

Earnings: BBRY, BBBY, MON, NKE

This week's charts:

S&P 500 -moving higher
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas was mostly unchanged, closing at $2.75

Crude Oil was mostly unchanged, closing near $59.47

Gold was up a bit, closing near $1198 -holding below $1200

The 30 year Bond was up a bit, closing near 151.37

The US Dollar was down a bit, closing at 94.15

NEWS:

Stock Market update -Jun 14th

The market was mostly unchanged this week, though not without its ups and downs. Bonds continued to drop. We're below the 50MA, though the line is still sloping up. We'll just have to wait and see where it goes next. Meanwhile, if you're an Options trader, continue to sell premium on both sides of the market, what little there is.

Next week is June Options expiration (quarterly too), so we could see the market hold on to the highs. We also have a Fed meeting, though no surprises are expected. And of course, the Greece saga continues.

New all time highs: AMBA, ANN, DATA, DG, IMAX, JD, MIC, NTES, SEE, SKX
All time lows:
Pops CTXS, Drops: HOV
Mergers/Deals:

Next week: Economic reports, Fed Meeting

Earnings: FDX, ORCL

This week's charts:

S&P 500 -below the 50MA
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas was up a bit, closing at $2.76

Crude Oil was down a bit, closing near $59.94

Gold was down a bit, closing near $1180 -holding below $1200

The 30 year Bond dropped, closing near 150.34

The US Dollar was down a bit, closing at 94.92

NEWS:

Stocks close lower, with Dow off more than 100 points as Greece weighs
Netflix (NFLX) Shorts Cry Uncle
Netflix (NFLX) and Other Three-Year Winners
The most heavily shorted stock could keep rallying
The sleeping giant of the solar industry: Florida

175 Quadrillion Zimbabwean Dollars Are Now Worth $5
Is Greece at risk of becoming the next Zimbabwe?

Stock Market update -Jun 7th

The market rolled over a bit this week, closing below the 50MA once more. We see a rebound as it has done in the past, or not, so stay alert. The monthly Jobs report had no surprises, and the market reacted in like manner.

Bonds took a beating again, but could be nearing some support at these levels. Gold was down as well, and continues to look weak longer term. Oil could be headed lower too, but its anyone's guess. Volatility (VIX) may be headed higher, after dropping for most of the year.

New all time highs: AMBA, EBAY, FTNT, JPM, NFLX, PANW, PNC, REGN, SKX, WFC,
All time lows: WIN
Pops ALTR, UA, Drops:
Mergers/Deals: INTC to buy ALTR

Next week: Economic reports,

Earnings: LULU,

This week's charts: