Wk34: Market Forecast

24 Aug

In the week ahead look for these news announcements to act as potential market movers
· Tues: S&P Case-Shiller HPI 9:00 AM ET
· Tues: Consumer Confidence 10:00 AM ET
· Weds: Durable Goods Orders 8:30 AM ET
· Weds: New Home Sales 10:00 AM ET
· Weds: EIA Petroleum Status 10:30 AM ET
· Thurs: GDP 8:30 AM ET
· Thurs: Jobless Claims 8:30 AM ET
· Thurs: EIA Natural Gas Report 10:30 AM ET
· Fri: Personal Income and Outlays 8:30 AM ET
· Fri: Consumer Sentiment 9:55 AM ET

It’s easy to be bullish in this market environment. Buying pullbacks is certainly the thought on everyone’s mind. That being said, the bears do have a valid argument, that being the widening triangle forming on the top-line figures. This coming week is heavy on the economic news so stay on your toes and remember rule #1 PRESERVE YOUR CAPITAL!

We are looking for a break of the trend line in the top-line figures to the upside, but are hedged for a pullback.

No comments yet

Leave a Reply