Wk45: Market Forecast

9 Nov

In the week ahead look for these news announcements to act as potential market movers

· Weds: Veteran’s Day. Stock and Futures Markets open

· Thurs: Jobless Claims 8:30 AM ET

· Thurs: EIA Petroleum Status Report 11:00 AM ET

· Thurs: Treasury Budget 2:00 PM ET

· Fri: International Trade 8:30 AM ET

· Fri: Consumer Sentiment 9:55 AM ET

· Fri: EIA Natural Gas Report 10:30 AM ET

A lighter economic news week ahead. Keep an eye out for a head and shoulders pattern forming across the S&P and Dow. The right shoulder could be filling out around the S&P500 1065 resistance level. The NASDAQ and Russell have already broken below the prior swing lows.

No comments yet

Leave a Reply