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