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: