Stock Market update -Sep 13th

The market was up a bit for this shortened week. This coming week is eagerly awaited, to find out how the market reacts on Thursday to the Fed statements on interest rates. We could see movement in all asset classes. I believe they will raise rates, the question is, how will the market react -it could go either way. Meanwhile Gold and Bonds were down this week, and Oil also pulled back a little.

AMZN and FB seem to be recovering from the August drop, while NFLX, GRPO, AMBA, LNG, X, ABX, and others seem to losing ground. AAPL had their big announcement, but the stock had little reaction. For Options traders, Implied Volatility remains elevated, presenting good trading opportunities.

New all time highs:    CDW, PLAY, BWLD
All time lows:    GFI
Pops          Drops:       MFRM, MRVL, ZUMZ, 
Mergers/Deals:  

Next week:  Economic reports,   ...highly anticipated Fed meeting!

Earnings:      ADBE, FDX, GIS, ORCL 

This week's charts:

S&P 500 -topped! 

CBOE VIX -still elevated
10yr Interest Rates -dropping?
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas was unchanged, closing at $2.68

Crude Oil was down a bit, closing near $44.78

Gold dropped again, closing near $1107 -but holding above $1100

The 30 year Bond was down, closing near 154.65  -could still be going to 165?

The US Dollar was down, closing at 95.20

NEWS:

Wall Street climbs, S&P 500 posts best week since July
Forget new Apple products—THIS is the issue
If Apple can't stream an iPhone 6 event, is there really an enterprise story?
Gold's going to $1,000: Technician
Economist: China situation spells global recession
China is dumping U.S. debt