Wk29: Market Forecast

19 Jul

In the week ahead look for these news announcements to act as potential market movers
· Weds: EIA Petroleum Status Report 10:30 AM ET
· Thurs: Jobless Claims 8:30 AM ET
· Thurs: Existing Home Sales 10:00 AM ET
· Thurs: EIA Natural Gas Report 10:30 AM ET
· Fri: Consumer Sentiment 9:55 AM ET

No major economic accouchements this week, but Ben Bernanke speaks this week delivering his semi-annual monetary policy testimony to the House Financial Services Committee in Washington, Tuesday and Wednesday at 10:00 AM ET.

Looking for the S&P500 to consolidate here at the 940 level, a break of its recent high of $956.23 and we should see a large move higher perhaps to the 1,000 level.

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