Stock Market update -Nov 1st

The market continued to climb back up to highs from earlier this year (also all time highs). October saw a huge rally. I think it's ready to take a break maybe, though FB earnings could give the Nasdaq 100 another boost if the stock rallies.

Gold seems to be heading back down again.



New all time highs:    AMZN, AAP, COST, EXPE, FBHS, HRB, SBUX, PSX, PCLN
All time lows:   BTU  
Pops:          Drops:      
Mergers/Deals:  

Next week:  Economic reports,  Monthly Jobs report on Friday!!

This week's charts:

Earnings:      

Mon V
Tue TSLA, X
Wed FB, WFM,  
Thu DIS
Fri HUM

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 2.25 -near all time lows!
Crude Oil was up, closing near 46.36
Gold was down, closing near 1140 -backed off from approaching 1200
The 30 year Bond was down, closing near 156.84  -could be going to 160
The US Dollar was down,  closing near 96.85

NEWS:
U.S. jobs data to hold key to Fed's rate plans
Top trades: Earnings bets for next week
3 stocks near highs still worth buying: Technician

No comments: