Stock Market update -May 29th

The market rocketed up this week, with no real news behind the rally. Looks like it could be headed to the previous all-time high -I'd be careful though after this extended run, on very light volume. Next week we have the monthly Jobs report on Friday. Markets are closed on Monday.

Crude Oil is now approaching $50, Gold is sinking toward $1200 (buying opportunity?), and Bonds are mostly unchanged. The VIX continues to drop, a contrarian signal that we might soon see a reversal in the S&P500  rally.




DG, DLTR, ULTA popped on earnings
PANW dropped on earnings

New all time highs:  ATVI, DLTR, DG, IT, LOW, ULTA
All time lows:  
Mergers/Deals:  

Next week:  Economic reports,   ** Monthly Jobs report on Friday **
Earnings:      AVGO, CRM, KORS, MDT, 

This week's charts:


A look at the performance of some DOW stocks
AAPL getting beat by the likes of DD and GE!


Links...
S&P 500 -down trend reversed
Gold dropped again, closing near 1215
The 30 year Bond dropped a bit, closing near 164.03
The US Dollar was up a bit, closing near 95.72

NEWS:
Stocks close higher after Yellen; Dow, S&P post best week since March
Cramer's game plan: All eyes on employment, Fed could pull the trigger
Bond ETFs Test Key Levels (HYG, SHY)
Google beats Oracle in $9 billion Android trial
Why Alphabet May Beat Amazon in the Race to a $1,000 Stock
Palo Alto Earnings Beat Not Enough for Investors
Hewlett-Packard's Slow, Sad Breakup
Two more Twitter executives — in charge of media, commerce and biz dev — are leaving the company

Why I Bought a Chromebook Instead of a Mac
One million Android apps are coming to Chromebooks
Microsoft cuts another 1,850 jobs, takes $950 million charge in its phone hardware business
Are We Actually in a Bear Market? These Charts Show Why
The Federal Reserve's $4.3 trillion ticking time bomb

No comments: