Stock Market update -Nov 8th

Markets continued to rise this week. The S&P500 is almost back to being positive for the year, and to a new all time high. The Jobs report on Friday was far better than expected, causing Bonds to drop, with the expectation of an Interest rate increase in December. The Euro currency and Gold continued to drop as well.

Where do we go from here? We have some more earnings due out this week, but it's anyone's guess as to whether the rally will continue for yet another week. We are close to resistance levels and very overbought, so we could maybe see some consolidation or pullback.

FB hit an all time high after reporting strong earnings on Thursday. AMZN continued to soar!
FEYE dropped after earnings. VRX continued to drop.

New all time highs:   AMZN, CDW, CTRP, EBAY, LUV, HD, TTWO, TRV
All time lows:  CDE, ETSY,
Pops:          Drops:      
Mergers/Deals:  

Next week:  Economic reports, 

This week's charts:

Earnings:      AAP, CSCO, M, PCLN

S&P 500 -still moving up

CBOE VIX -continues to drop
10yr Interest Rates -rising!
Labor Force Participation Rate (10 year chart)
Fear & Greed Index -greed!

Commodities/Futures (charts):

Natural Gas was down then back up, closing near 2.35 -near all time lows!

Crude Oil was down, closing near 44.52

Gold was down again, closing near 1088 -now maybe approaching 1000! 

The 30 year Bond plummeted, closing near 152.34  -higher rates coming?

The US Dollar rallied,  closing near 99.28

NEWS:

Stocks rise for 6th week in a row
Berkshire profit doubles to record on Kraft Heinz
Investors are ignoring the strong dollar at their peril
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