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:

MCP, once a high flier, now at .41c

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 $2.59
Crude Oil was down a bit, closing near $58.88
Gold was down a bit, closing near $1171 -still below $1200
The 30 year Bond dropped, closing near 151
The US Dollar was down a bit, closing at 96.36

NEWS:
Posted by 123Trader

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