Stock Market update -May 31st

The market pulled back a bit this week as economic numbers continued to disappoint. We are still near all time highs however, and still in an up-trend. Bonds may be gaining some strength, while Oil is holding near $60. Biotechs are holding near their highs (IBB), and Semiconductors broke out to new highs (SMH). Worrying though is the Transportation index which has been trending down all year.

New all time highs:     AVGO, ATVI, AET, AMBA, CI, EBAY, FTNT, HUM, MDLZ, NFLX, NXPI, PANW, SBUX, SKX, ULTA
All time lows: 
Pops    BRCM, GME, HUM, TWC, TIF ,      Drops:  
Mergers/Deals:  Charter Communications to acquire Time Warner Cable,
Avago to buy Broadcom

Next week:  Economic reports,   >>Monthly 'Jobs report

Earnings:     AMBA, CIEN, DG

This week's charts:

S&P 500 -holding on to the highs!
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas was down a bit, closing at $2.64

Crude Oil was up a bit, closing near $60.23

Gold was up a bit, closing near $1190 -back below $1200

The 30 year Bond was up, closing near 156.46

The US Dollar was up a bit, closing at 96.98 -heading back up?

NEWS:

Wild week ahead as traders watch for June swoon
'Fast Money' Recap: Bristol-Myers' Stock Is Ailing, Health Care on the Rise
Google's Chromebooks Are Threatening Microsoft's Cash Cow
I'll toss Apple if it doesn't let go of it's iPhone crutch: Analyst
Avago to buy Broadcom for $37B in cash and stock

We are in the middle of a currency war: Strategist
As Greece leads the news, Italy’s problems mount

Stock Market update -May 24th

The market was mostly flat this week, continuing to hold near all time highs. Not sure what catalyst will drive it higher or lower next, we'll just have to wait and see. Bonds may be one of the factors -we could be at a support level on Bonds and see a bounce. If it falls further,we could see a quick rise in interest rates.

Implied Volatility has been very low for some time now, possibly indicating an upcoming correction.

The Euro and other currencies dropped this week as the Dollar rallied.
WMT dropped after reporting earnings. HPQ was up a bit, as was DE
We've seen a nice run with some of the Banks since Feburary (GS, MS, etc)

New all time highs:     AET, CTRP, CI, DGX, DLPH, EXPE, ESRX, INTU, PANW, SWKS, SHAK, VRX
All time lows:  WIN
Pops      ,      Drops:   LL
Mergers/Deals:  

Next week:  Economic reports,   

Earnings:      AZO, ANF, GME, DECK, KORS, TIF, COST, PANW

This week's charts:

S&P 500 -holding on to the highs!
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas was down a bit, closing at $2.88

Crude Oil was mostly unchanged, closing near $59.89

Gold was up a bit, closing near $1223 -finally above $1205

The 30 year Bond was down a bit, closing near 154.03

The US Dollar was up, closing at 96.25 -heading back up?

NEWS:

Stocks End Quiet Week on Flat Note
Why record highs have one mega-bull worried
This simple math points to Dow 21,700: Analyst
Signs this bull market is running out of steam
7 stocks are like giant piggy banks

What to Make of the Topsy-Turvy Bond Market
Our $58 trillion love affair with debt, in one crazy chart
The U.S. Is About to Change the Way It Calculates GDP
Four cancer charities charged for scamming donors out of $187 million

5 Mind Blowing Facts About Your Smartphone!

Stock Market update -May 17th

The S&P500 closed at another all time high again this week, while the Russell 2000 continues to lag behind. Bonds continued to drop, but Gold was up and Oil held its ground. The Dollar continued its slide.

The S&P500 could break out higher from this level, dragging the other indices up with it. Only time will tell, but right now there is no bearish indicator on the S&P500 chart.

AOL popped on a buyout announcement

New all time highs:     ABT, AET, AMBA, ATVI, ACN, BX, DLPH, HON, NKE, MA, MDLZ, NFLX, V
All time lows:   
Pops      AOL,      Drops:    KSS, LOCO, RAX
Mergers/Deals:  AOL buyout

Next week:  Economic reports,   

Earnings:      BBY, CPB, CRM, DLTR, FL, HD, HPQ, L, TGT, WMT, 

This week's charts:

S&P 500 -another all time high!
10yr Interest Rates -rising
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas was up, closing at $3.01

Crude Oil was mostly unchanged, closing near $59.96

Gold was up a bit, closing near $1223 -finally above $1200

The 30 year Bond was down a bit, closing near 155.53

The US Dollar was down a bit, closing at 93.30 -heading back down...

NEWS:

Ray Dalio's Bridgewater: This is not a bubble
S&P 500 sets record despite weak data; Netflix leaps 4.5%
Markets may show if stocks ready to break out or just fake out
What Disney, Apple, and Facebook have in common
Gold logs 3% weekly gain, best since January

Stock Market update -May 10th

The market rallied on Friday after a better than expected monthly Jobs report (the unemployment rate now sits at 5.4%). The S&P500 could be heading for a new all time high again, but the Russell 2000 however is still weak. Bonds headed lower, while Oil continued to move a little higher.

Meanwhile the Greece saga continues...

New all time highs:    ATVI, DATA, EXPE, INTU, JPM, MA, V, MDLZ, 
All time lows:   WIN
Pops    AOL, BIIB    Drops:    GMCR, MNST, WFM
Mergers/Deals:  

Next week:  Economic reports,   

Earnings:     AMAT, CSCO, DISH, LOCO, M, MBLY, PBR, 

This week's charts:

S&P 500 -near an all time high
10yr Interest Rates -remaining low?
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas was up, closing at $2.86

Crude Oil was mostly unchanged, closing near $59.47

Gold was up a bit, closing near $1187 -struggling to get above $1200

The 30 year Bond was down a bit, closing near 156.12

The US Dollar was down a bit, closing at 94.90 -heading back down?

NEWS:

Stocks surge 1% as jobs data eases rate hike fears; Dow jumps 250 points
Stocks could rally next week
Oil top may be in, and it could get ugly: AnalysT -vid

IBM and Facebook in marketing partnership
Googling on mobile devices surpasses PCs in US for 1st time
The Chinese smartphone maker trying to convert Apple fans
Europe's back, baby. The perfect way to play it

Stock Market update -May 3rd

The market dropped, then rallied back on Friday. Bonds and the Dollar dropped, while Oil continued to rise. Gold closed below $1200 again. The GDP report was a very disappointing one.

AAPL earnings turned out to be a non-event.
HUM, TWTR, LNKD, NOK, and SSYS, dropped like a rock.

New all time highs:    
All time lows:   
Pops       Drops:    
Mergers/Deals:  

Next week:  Economic reports,   More earnings reports...  Monthly Jobs report on Friday

Earnings:     

M:  APC, CMCSA, INVN, L 

T:   ADM, DIS, DTV, EA, GRPN, HLF, MYL, ODP, S

W:  DDD, GMCR, MRO, MET, NUS, RIG, SODA, TRIP, TSLA, WEN WFM

T:   BABA, CYBR, DATA, JAZZ, PCLN

F:   AOL

This week's charts:

S&P 500 -more earnings next week...
10yr Interest Rates -remaining low?
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas was up, closing at $2.77

Crude Oil was up, closing near $59.10

Gold was up a bit, closing near $1183 -struggling to stay above $1200

The 30 year Bond dropped, closing near 157.50

The US Dollar was down a bit, closing at 95.40 -heading back down?

NEWS:

Stock Market Blog -Apr 26th

Nice week for the NASDAQ, finally clawing its way back to the year 2000 level. We also saw big moves in a number of stocks after reporting earnings (AMZN, DNKN, GOOGL, MSFT, SBUX, etc).

Next Monday we get AAPL earnings. If the S&P continues to rally, we could see a nice breakout to higher levels. Gold fell back below 1200 again, while Oil continued to climb. The Fed meeting on Wednesday could affect markets this week too.

Market correlations seem to be completely out of whack...
The Nasdaq is finally back to the level it was 15 years ago!

New all time highs:    AMZN, DTV, DNKN, SBUX, 
All time lows:   
Pops  AMZN, DNKN, DTV, FTNT, GOOGL, MSFT, SBUX, YUM     Drops:     CMG, TXN, 
Mergers/Deals:  

Next week:  Economic reports,   More earnings reports!  Fed meeting...

Earnings:     

M:  AAPL, GLW, GPRO, MRK, PFE

T:   BP, BMY, BSX, F, TWTR, UPS 

W:  BIDU , HUM, KO, MA

T:   CELG, COP, GILD, LNKD , V, XOM

F:   CVX

This week's charts:

S&P 500 -more earnings next week...
10yr Interest Rates -remaining low?
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas was unchanged, closing at $2.53

Crude Oil was up a bit, closing near $57.42

Gold was down again, closing near $1179 -struggling to stay above $1200

The 30 year Bond was down, closing near 162.81

The US Dollar was down a bit, closing at 97.10 -heading back down?

NEWS:

Amazon hits new high; Google, Microsoft and Starbucks zoom higher
What to Expect When Apple (AAPL) Reports Earnings Monday
The market is getting nervous about something experts are struggling to define
Investors Really got it Wrong With Nasdaq ETFs
Flash crash: Trader 'a strange character but genius'
Doubling your money: The 'rule of 72'

Stock Market Blog -Apr 19th

We closed out this months Option expiration cycle on Friday with a big drop in the market -very unusual. Something to do with China and Greece supposedly. Regardless, the S&P500 has not been able surpass its recent highs in quite some time, and as I mentioned in previous posts, I think we are just forming a big rounded top. Earnings could be a catalyst for the downside in coming weeks.

Meanwhile Europe's woes continue. Oil prices continued to rise this week as the Dollar lost some ground.

NFLX soared after reporting earnings, AXP dropped

New all time highs:    NFLX ..  (short list this week)
All time lows:   
Pops & Drops:     NFLX up,  EWG down
Mergers/Deals:  Nokia to buy Alcatel-Lucent

Next week:  Economic reports,   Lots of earnings reports!

Earnings:     

M:  HAL, IBM, MS, 

T:   AMGN, CMG, DFS, VZ, TRV, UA, UTX, VMW, YHOO, YUM

W: BA, CTXS, EBAY, FB, KO, MCD, QCOM, T

T:   AMZN, CAT, FCX, GM, GOOGL, LLY, LUV, MMM, MSFT, MO, PEP, PG, SBUX, UNP,

F:   BIIB

This week's charts:

S&P 500 -watch earnings next...
10yr Interest Rates -remaining low?
Labor Force Participation Rate (10 year chart)

15 years of TASR!

Don't leave home without it!  AXP in a down trend (52 week low)...

Are we there yet? Brazil declining for several years!

Commodities/Futures (charts):

Natural Gas was up, closing at $2.64

Crude Oil was up quite a bit, closing near $56.14

Gold was unchanged, closing near $1203

The 30 year Bond was up, closing near 165.12

The US Dollar was down a bit, closing at 99.70 -heading back down?

NEWS:

Earnings gusher is next test for stocks after market wipeout
S&P to start its correction today, analyst warns
Start of correction? No, say experts
In online ads, it's Google, Facebook and then who?
GE posts first quarter loss of $13.6 billion
Amazon, Google and More Are Drawn to Home Services Market
The Apple Watch won't be available on April 24

U.S. economy isn't growing fast enough
Fannie and Freddie Restart Risky 'Affordable Housing' Programs
China's March exports shrink 15 percent year-on-year in shock fall
China makes big cut in bank reserve requirement to fight slowdown
Let's face reality, Greece is bankrupt: Marc Faber
We're coming up on another crunch week in the Greek bailout saga

Stock Market update -Apr 12th

On Monday the market reversed all the losses from last Friday's disappointing Jobs report and never looked back! Next week we'll look at the impact from the first set of earnings reports. Bonds were a little weaker while Gold and Oil were mostly flat. The US Dollar regained its strength.

New all time highs:    ABC, CERN, CUDA, DLPH, ESRX, FTNT, HCA, HZNP, HLT, BX, LO, NVS,  NVO, TWC, TGT, and more...
All time lows:   
Pops:     
Drops:  

Mergers/Deals:

Royal Dutch Shell Plc agreed to buy BG Group Plc

Mylan made a $28.9 billion offer for Perrigo

FedEx will take over Dutch delivery company TNT Express

Next week:  Economic reports,   

Earnings:     

M:  

T:   CSX, INTC, JNJ, JPM, WFC

W: BAC, NFLX, PNC, SNDK

T:   C, AXP, BK, BX, GS, UNH

F:   GE, HON, STX

This week's charts:

S&P 500 -earnings next...
10yr Interest Rates -remaining low?
Labor Force Participation Rate (10 year chart)

Commodities/Futures (charts):

Natural Gas was down, closing at $2.49

Crude Oil was up a bit, closing near $51.80

Gold was unchanged, closing near $1205

The 30 year Bond was mostly unchanged, closing near 163.81

The US Dollar was up, closing at 99.73 -approaching 100 again

NEWS:

Epic rally in stocks to keep running
This is the next thing that could rock stocks
Dimon: Another crisis is inevitable
'Corrupted' bond market upside-down
Here's how Ray Dalio crushed the first quarter
China market bubble? Bull vs. bear
China is poised to report worst growth since the financial crisis