Stock Market Blog -Jul 27th

The market was mixed this week among geopolitical concerns and mixed earnings reports. The NASDAQ 100 continues to lead though, while the Small-cap Russell is lagging.

-AMZN dropped $34 after reporting earnings. Shares also dropped in DNKN, MCD, V, P, QCOM, and XLNX.
-FB and CMG rallied, as did BIDU, CIT, ISRG, VRSN, UA, Z, TRLA


New all time highs:   ATVI, BIDU, CMG, FB, HCA, LUV, UA, TRLA, Z
All time lows:   -TCS
Pops:    ,    Drops:  
Next week:  Economic reports,  * Fed meeting, Monthly Jobs report, more Earnings *


Hi flyers...


Bouncing off the top...

Earnings:     
MON  - CMI, HLF, SU
TUE  -AXP, AMGN, ESRX, BP, MRK, PFE, TWTR, UPS
WED  -MET, PSX, WMB, WFM
THU  -APA, COP, CL, MA, OXY, TWC, TSLA, XOM, 
FRI -CVX, PG


Market Commentary

Earnings season continues, and maybe we'll get more sideways action. Watch out however for the Jobs report on Friday, and also possible reaction after the Fed meeting. The up-trend is still intact, except maybe for the Small-caps (IWM) -chart below.

Implied Volatility in the Options market is trending higher. If you are an Options trader, Credit Spreads become more attractive here, especially with earnings events.



The Nasdaq Composite may be setting up for a 'double top'


This week's charts:
S&P 500 -still holding up
10yr Interest Rates
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil dropped, closing around $102.09 -holding above $100
Natural Gas dropped, closing near 3.78
Gold dropped a bit, closing at $1303 -holding above $1300
The 30 year Bond was up again, closing near 138.65
The US Dollar was up also, closing near 81.12

NEWS:
Stocks end week on sour note
Week Ahead: July Jobs Report, FOMC, GDP and Earnings
Busiest week of the summer coming up (vid)
Microsoft May Be A Good Short From Here
Microsoft Heading Toward All-Time High On Strong Cloud Momentum
Investors are fed up with Amazon, says analyst
Zuckerberg Wealthier Than Google's Brin, Page

Based on the Non-Massaged Data, the US is Back in Recession
Billionaire Warns: Yellen Collapse 'Will Be Unlike Any Other'
Gold's Fundamentally-Driven Strong Season Getting Underway
Top Ranked Gold And Silver Miners To Own Today
S&P warns Europe debt market near pre-crash levels
China’s debt soars to 250% of GDP
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Stock Market Blog -JUL 20TH

The market was mostly flat, and actually rallied on Friday, in spite of the global events taking place. I'm guessing that Options expiration on Friday had something to do with the rally. Gold dropped, and Oil rallied back above $100. MSFT announced 18,000 job cuts, and rallied on the news.


New all time highs:   
All time lows:   -
Pops:    MSFT,    Drops:  AMD, SNDK, YUM
Next week:  Economic reports,  

Earnings:     
MON  - CMG, HAL, NFLX, TXN
TUE  -ARMH, AAPL, DD, MSFT, VZ, KO, UTX, MCD
WED  -BA, BIIB, FB, MO, PEP, QCOM, GILD, T
THU  -AMZN, BIDU, SBUX, F, CAT, CELG, GM, MMM, V
FRI -


Market Commentary

Next week earnings season continues, with more Tech companies reporting. Again, we could see this market begin to show signs of topping.

Implied Volatility in the Options market is trend higher. If you are an Options trader, Credit Spreads begin to look more attractive here, especially with earnings events.

This week's charts:
Natural Gas dropped, closing near 3.86
Gold dropped, closing at $1309 -holding above $1300
The 30 year Bond was up, closing near 138.10
The US Dollar was up a bit, closing near 80.60

NEWS:

Microsoft to cut 18,000 jobs this year as it chops Nokia

Ukraine says Malaysian airliner shot down, 295 dead: agency

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Stock Market Blog -Jul 13th

The market pulled back this week, but the up-trend is still intact (the small-cap IWM saw a big pullback). With a slew of earnings reports scheduled for next week, as well as Options expiration on Friday, it's hard to tell where the next move might take us. Gold rallied and so did Bonds, while Oil and Natural Gas dropped. Also in the commodities market, Grains have been dropping (chart below).


New all time highs:   
All time lows:   -
Pops:    ,    Drops:  LL
Next week:  Economic reports,  

Grain prices have been dropping...

Earnings:     
MON  -C
TUE  -BAC, INTC, JNJ, JPM, YHOO
WED  -EBAY, 
THU  -GOOG, IBM, MS
FRI -BK, GE, HON


Market Commentary

Next week begins earnings season again, with a number of Tech companies reporting. We could see this market begin to show signs of topping.

Implied Volatility in the Options market is beginning to trend higher. If you are an Options trader, Credit Spreads begin to look more attractive here, especially with earnings events.

This week's charts:
S&P 500 -holding up
10yr Interest Rates
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil dropped, closing at 100.83 -now barely holding above $100
Natural Gas dropped, closing at 4.14
Gold was up, closing at $1321 -holding above $1337
The 30 year Bond was up, closing near 137.37
The US Dollar was down a bit, closing at 80.23

NEWS:
Stocks close higher ahead of major earnings week
What investors are looking for in tech earnings next week
Citigroup Leads Parade of Bank Earnings Next Week
Cramer’s game plan: 10 earnings plays for next week

Mutual fund outflows hit $7.8 billion on Fed rate hike fears
Bull market in its final stage: Ed Yardeni
China's economic growth quickened in Q2: Premier

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Stock Market Blog -Jul 6th

We got a good Jobs report on Thursday and the market rallied some more, with the DOW closing over 17000 for the first time. The unemployment rate fell from 6.3% to 6.1%, with 288,000 new jobs created in June. Bonds dropped, as did Oil, and Utilities (XLU).


New all time highs:   ABT, ATVI, CSX, CELG, DIS, EXPE, GILD, JNJ, MMM, SNDK, PNC, QCOR, WFC, WLP,  UNH, YUM, etc.
All time lows:   -
Pops:    PETM,    Drops:  
Next week:  Economic reports,  
Earnings:     


Market Commentary

Last week's comments:  "I continue to think we will see the S&P500 hit the 2000 mark, and the Small Caps (IWM -Russell 2000) finally take out their previous high near 120. the long term up-trend is still in place."

Well, we're almost there! The DOW did take out 17,000 though (not mentioned last week). The rally probably has a little more steam left in it. Then we start getting earnings reports.

Once again, this week Implied Volatility in the Options market continues to hold near multi-year lows. If you are an Options trader, because of the low Volatility, this is a good time to trade Calendar Spreads, or trade long positions on the VIX or other volatility products.

This week's charts:
S&P 500 -new all time highs
10yr Interest Rates -
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil was mostly flat, closing at 103.77 -holding above $100
Natural Gas was mostly unchanged, closing at 4.36
Gold was mostly unchanged, closing at $1321 -holding above $1300
The 30 year Bond was down a bit, closing near 135.18
The US Dollar was up a bit, closing at 80.28

NEWS:
Don't ditch your U.S. stocks just yet
Great jobs report: Strong hiring, unemployment down
Jobs return, but low pay remains a problem
Starbucks: Undervalued With A Price Target Of $101
Covered Calls – $1,000 in July Options Income
Top performing stocks of the first half


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Stock Market Blog -Jun 29th

The market was mostly flat this week as we approach the end of the month, and the quarter. The market held up in spite of a very disappointing GDP report.  Bonds rose slightly, driving interest rates a little lower again. Gold was flat, like the rest of the markets.
Between now and the start of earnings reports in a couple of weeks, we could see a dull market as summer season begins as well.
 

New all time highs:   ATVI, AGN, CCE, FL, LNG, SLB, TRIP
All time lows:   -
Pops:    MTW,    Drops:  
Next week:  Economic reports,  **Monthly Jobs report**  -short week : Happy 4th July!
Earnings:     


 
Market Commentary

I continue to think we will see the S&P500 hit the 2000 mark, and the Small Caps (IWM -Russell 2000) finally take out their previous high near 120. the long term up-trend is still in place.

Implied Volatility in the Options market continues to hold near multi-year lows. If you are an Options trader, because of the low Volatility, this is a good time to trade Calendar Spreads, or trade long positions on the VIX or other volatility products.

This week's charts:
S&P 500 -holding at the highs
10yr Interest Rates -
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil was mostly flat, closing at 105.74-holding above $100
Natural Gas dropped a bit, closing at 4.40
Gold was up a bit, closing at $1320 -holding above $1300
The 30 year Bond was up a bit, closing near 136.91
The US Dollar was down a bit, closing at 80.08

NEWS:
Stocks end mildly up; second weekly gain for Nasdaq
Why there could be fireworks in the markets ahead of July 4
GoPro and tech stocks have great week
Google's vision: Android everywhere

Stocks: 2014 half-time report
Markets are blissful as trouble mounts
3 Leading Stocks That Mutual Funds Are Buying
Fed could trigger next world crisis: Stephen Roach

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Stock Market Blog -Jun 22

The market rallied after the Fed meeting then remained flat for the rest of the week, through quarterly options expiration on Friday. Of course we hit all time highs again. Gold also rallied, closing past the $1300 level once more. Volatility levels are almost at all time lows (VIX). We could however see the NASDAQ100 break out past the 3800 level next week,  the S&P500 reach for the 2000 level, and the DOW reach for 17000.

The British Pound vs the Dollar crossed the $1.70 mark.
FDX rallied on earnings.
ORCL and COH dropped after reporting earnings.



New all time highs:  ABT, AN, APC, BUD, CL, DFS, EOG, JNJ, HAL, KMX, COP, PEP, PSX, SN, TRV, WFC, CVX, XOM,
All time lows:   -
Pops:       Drops:  
Next week:  Economic reports,  
Earnings:     MU WAG MON CAG
 
 
 
Market Commentary

We got the anticipated bounce I mentioned last week! The stock indexes are again at all time highs (exc. the Small caps), as we approach the end of the Quarter. The low VIX could be a signal for a turning point in the near future. Meanwhile, if you are a trend trader, stick with this up-trend till it exhausts itself.  Gold and Gold Miners seem to have turned, so there may be some opportunity there.

If you are an Options trader, because of the low Volatility, this is a good time to do Calendar Spreads.
This week's charts:
S&P 500 -all time highs again!
10yr Interest Rates -holding
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil was mostly flat, closing at 106.83 -continuing to rise
Natural Gas dropped, closing at 4.53
Gold was up, closing at $1316
The 30 year Bond dropped a bit, closing near 135.34
The US Dollar was mostly unchanged, closing at 80.44


 
NEWS:
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Stock Market Blog -Jun 15th

This week the market took a small break from the recent non-stop rally. Oil rallied however.
INTC popped after raising forecasts. AAPL pulled back a bit, but we'll likely see $100 before long -that will get us back to the all time high of $705 (split adjusted).


New all time highs:  APC, CP, DYN, EOG, FOX, TRV, TV
All time lows:   -
Pops:    FDO, INTC, OPEN, YELP   Drops:   DAL, LULU
Next week:  Economic reports,   CPI report, Fed meeting, quarterly Options expiration
Earnings:     
 
 
Natural Gas stocks doing well...
 
 
Market Commentary

From last week: 'We are at the upper end of the recent rally, so we could see a turn next week.'
-so this week's pullback was not unexpected. Lets see where it goes from here -we could get a bounce as we approach the end of the quarter, as well as Options expiration. I have a hunch we'll soon see the S&P500 at 2000 as well, since it's so close. Of course, DOW 17000 is fast approaching too.

If you are an Options trader, because of the low Volatility, this is a good time to do Calendar Spreads.
 
This week's charts:
S&P 500 -small pullback so far
10yr Interest Rates -holding
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil rallied, closing at 106.91 -continuing to rise
Natural Gas was mostly flat, closing at 4.74
Gold was up, closing at $1274
The 30 year Bond was up a bit, closing near 135.78
The US Dollar was mostly unchanged, closing at 80.65

NEWS:
Stocks: Friday the 13th bounce
The Week Ahead: Why You Shouldn't Invest Like a Hedge Fund
Charting the approach of S&P 2000
This Bearish Russell 2000 Pattern is Still Alive
Six Indicators To Confirm The Bear Market
4 stocks that have tripled — and are set for more gains

Time to say RIP RadioShack; is Best Buy next?
World Bank: 'Now is the time to prepare for next crisis'
Number of millionaires worldwide skyrocketed in 2013
Without Iraq's oil, prices could hit $150-$200: Pickens

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Stock Market Blog -Jun 8th

The market rocketed to all time highs again this week. Seems like no matter what the news, the market just continues to move up. The unemployment rate came in at 6.3%, but the U-6 rate, and the labor participation are still troubling. Gold dropped again.

New all time highs:  AXP, CSX, COP, CVS, DFS, DIS, FOXA, HAL, KR, MMM, SNDK, WAG, WFC, WAG, ,
All time lows:   -

Pops:     Drops:   HTZ
Next week:  Economic reports,   
Earnings:     


Market Commentary

We are at the upper end of the recent rally, so we could see a turn next week. The DOW and the S&P500 are hitting all time highs, while the VIX is hitting lows. Stick with the trend if you are a trend trader, look for a reversal if you are a contrarian. This market has been very resilient, so a 'long' bias would probably work in your favor.

If you are an Options trader, because of the low Volatility, this is a good time to do Calendar Spreads.

This week's charts:
S&P 500 -rally mode -all time highs!
10yr Interest Rates -dropping
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):
Crude Oil was down a bit, closing at 102.66  -holding above $100
Natural Gas was up, closing at 4.71
Gold was down, closing at $1252
The 30 year Bond dropped, closing near 135.37
The US Dollar was unchanged, closing at 80.43

NEWS:
Stock market heads higher after jobs report
Recent market rally lacks conviction
Finally! Job market returns to 2008 peak
ECB getting closer to Fed-style stimulus
US job market recovers losses yet appears weaker
Watch Art Cashin: Why the stock market keeps rising

Apple to be 'cheap' Monday. Will you buy?
The Collapse in Rates That’s Causing Fits
7 steps to a market crash
The risks of VIX-tied investing
Kiss Gold Bull Market Goodbye

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