Wk31: Market Forecast

3 Aug

In the week ahead look for these news announcements to act as potential market movers
· Mon: ISM Manufacturing Index 10:00 AM ET
· Tues: Personal Income and Outlays 8:30 AM ET
· Tues: Pending Home Sales Index 10:00 AM ET
· Weds: ADM Employment Report 8:15 Am ET
· Weds: EIA Petroleum Status Report 10:30 AM ET
· Thurs: Jobless Claims 8:30 AM ET
· Thurs: EIA Natural Gas Report 10:30 AM ET
· Fri: Employment Situation 8:30 AM ET

The S&P 1000 is our next target, followed by 1007 and 1044. We have support at the 975 and 945 levels. We will also focus on the NASDAQ retesting the 2000 level. If it breaks and moves higher we should see the other indices follow thereafter.

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