Wk44: Market Forecast

2 Nov

In the week ahead look for these news announcements to act as potential market movers
• Mon: ISM Manufacturing Index 10:00 AM ET
• Mon: Pending Home Sales Index 10:00 AM ET
• Tues: Motor Vehicle Sales
• Weds: ADP Employment Report 8:15 AM ET
• Weds: EIA Petroleum Status Report 10:30 AM ET
• Weds: FOMC Meeting Announcement 2:15 PM ET
• Thurs: Jobless Claims 8:30 AM ET
• Thurs: Productivity and Costs 8:30 AM ET
• Thurs: EIA Natural Gas Report 10:30 AM ET
• Fri: Employment Situation 8:30 AM ET

There is a good amount of support here on the S&P500. Watch how the market acts as we come into the 1030, 1020, 1010 and 1000 levels. If we are to bounce, look for a breakout to new highs and a target of S&P $1120.

No comments yet

Leave a Reply