Stock Market update -Oct 25th

The market rallied again this week, boosted by ECB comments about continued monetary easing, another boost from China (lowering interest rates), and huge rallies in big-cap tech stocks after reporting earnings (AMZN, GOOGL, MSFT). Last week I said we could see a rally back to the highs from earlier this the year -well we got it! (except for the small-caps which are lagging quite a bit -IWM). Next week we'll get AAPL earnings -could be a spoiler, or it could add fuel to this rally. Of course no one knows till after it happens!

FB crossed the $100 level for the first time. WTW shares more than doubled! Thanks Oprah.
Big earnings pops this week from AMZN, GOOGL, MSFT, MCD. Meanwhile CMG, IBM, and VMW dropped.

After 15 years, MSFT finally made it back to its 2000 high!

GOOGL:  "Products like Search, Android, Maps, Chrome and YouTube each have over a billion users already, and Google Play crossed that milestone this quarter as well," CEO Sundar Pichai stated.

New all time highs:    
ADBE, AMZN, CRM, DAL, FB, GOOGL, HD, MA, MCD, PEP, RCL, RAI, SBUX, TRV, V, lots!!
All time lows:     
Pops:  AMZN, MSFT, MCD        Drops:     CMG, SKX, SRCL, P, VMW, VRX 
Mergers/Deals:  WD to buy SNDK

Next week:  Economic reports,  Fed meeting,  GDP report

This week's charts:

VRX: former hi-flier

'Tech' leaders...

Earnings:      

Mon
Tue	AAPL, F, PFE, UPS,
Wed	AMGN
Thu	BIDU, COP, MA, SBUX
Fri	CVX, XOM

S&P 500 -still moving back up

CBOE VIX -continues to drop
10yr Interest Rates -dropping
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas dropped a bit, closing near 2.28

Crude Oil was down, closing near 44.73

Gold was down, closing near 1164 -approaching 1200?

The 30 year Bond was down a bit, closing near 157.03  -could be going to 160

The US Dollar was up,  closing near 97.18

NEWS:

Nasdaq closes at two-month high on tech surge
Week Ahead: FOMC Meeting, Apple Earnings and GDP
Alphabet (GOOGL) Stock Surges After Earnings, Stock Buyback
Apple to Report Q4 Earnings: Will It Beat Estimates Again?
Oprah Winfrey Makes $70 Million in One Day From Investing in Weight Watchers