Wk42: Market Forecast

19 Oct

In the week ahead look for these news announcements to act as potential market movers
· Mon: Housing Market Index 1:00 PM ET
· Tues: Housing Starts 8:30 AM ET
· Tues: Producer Price Index 8:30 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: Existing Home Sales 10:00 AM ET

We are in the midst of earnings season so don’t forget to double check your stocks for individual news!

We are also in the middle of a bull flag pattern on the top-line figures. Take a look at the chart below to see our setup. A break of 1097 in the S&P500 is our breakout level and if we break down there is support at 1065 level.

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