In the week ahead look for these news announcements to act as potential market movers…
· Weds: Retail Sales 8:30 AM ET
· Weds: FOMC Minutes 2:00 PM ET
· Thurs: Consumer Price Index 8:30 AM ET
· Thurs: Jobless Claims 8:30 AM ET
· Thurs: EIA Natural Gas Report 10:30 AM ET
· Thurs: EIA Petroleum Status Report 11:00 AM ET
· Fri: Treasury International Capital 9:00 AM ET
· Fri: Industrial Production 9:15 AM ET
· Fri: Consumer Sentiment 9:55 AM ET
Heavy Earnings! View latest earnings announcements here.
Looking for continued bullishness this week as it is Option Expiry, we can begin to see the formation of an inverted head and shoulders pattern forming as well. The top line figures are knocking their heads on resistance however so pay attention to those longer time frames like weekly and monthly charts.