Stock Market update -Jul 12th

Lots of volatility this week as uncertainty lingers with the Greece situation, and the ongoing market plunge in China. The S&P has held below the breakdown level we saw two weeks ago, and could continue to break down maybe to 2050 or even 2000, unless maybe we see a turnaround next week.

Earnings kicks off next week for yet another quarter, including many banks, GOOGL and NFLX, with the rest to follow in the coming weeks...  The Fed also speaks before Congress next week, and lastly we have Options Expiration for July -should be an interesting week.

New all time highs:    BMRN, CVS, EA, DIS, DG, HCA, SKX, TSO, ULTA, WBA, 
All time lows:  LINE, PGH
Pops    ,      Drops:   AMD, CUDA
Mergers/Deals:  

Next week:  Economic reports,   

Earnings:      
M:
T:  JPM, JNJ, WFC, YUM
W: BAC, INTC, NFLX, PNC
T:  BBT, C, GS, EBAY, GOOGL, UNH
F: GE, HON

This week's charts:

S&P 500 -dropping further?
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

A few losing stocks...

Commodities/Futures (charts):

Natural Gas was unchanged, closing at $2.77

Crude Oil dropped again, closing near $52.81

Gold was down a bit, closing near $1162 -holding below $1200

The 30 year Bond dropped, closing near 149.47

The US Dollar was down a bit, closing at 95.97

NEWS:

Dow ekes out weekly gain as overseas worries fade
Microsoft to lay off up to 7,800
Has Apple peaked?

Greece bailout: Deal still far away
China’s miracle is over — now comes the nightmare
Opinion: China’s stock-market crash is just beginning