In the week ahead look for these news announcements to act as potential market movers
· Tues: Producer Price Index 8:30 AM ET
· Tues: Retail Sales 8:30 AM ET
· Weds: Consumer Price Index 8:30 AM ET
· Weds: Empire State Manufacturing Survey 8:30 AM ET
· Weds: Industrial Production 9:15 AM ET
· Thurs: Jobless Claims 8:30 AM ET
· Fri: Housing Starts 8:30 AM ET

News, News, News, and lots of it will be the talk of the media this week. Earnings season is underway with Goldman Sachs (GS) Tuesday morning and Google (GOOG) Thursday evening and the FOMC minutes will be released Wednesday at 2:00 PM ET. The top line figures remain trading at levels of support and should continue to do so until a catalyst-either positive or negative, moves them higher or lower.

The EUR/USD has also been trading in a tightening range which could be forming a triangle. A break of its 1.38 or 1.42 level should act as another form of confirmation.

At this point volume is quite low and makes it harder to gauge the strength in market moves. We will be watching for a break of 869 or 900 on the S&P500 to be a convincing breakout.

The same goes for the Dow, NASDAQ, and Russell, a break of last week’s candle tails to the downside or a break of the large body candle’s high to the upside.