It appears the bulls are in charge and there is no telling when the stampede will end. The Dow and the S&P 500 continue to make new highs. The Nasdaq and the Russell 2000 had a slight loss over this past week. Much of the news dominating market movement this next week will be out of Europe. The European Bank meets this week and it is anticipated they may implement a rate cut which could impact the dollar.
Economic news this week will be interesting. Economists are skittish on the numbers to be released this coming week as any estimates are likely to be off the mark as a result of the government shut down last month. There is no telling how off the estimates are and what impact it may have on the market if the numbers are significantly off the mark. In addition to other market action, Twitter IPO will start trading this week.
Economic news this week will be interesting. Economists are skittish on the numbers to be released this coming week as any estimates are likely to be off the mark as a result of the government shut down last month. There is no telling how off the estimates are and what impact it may have on the market if the numbers are significantly off the mark. In addition to other market action, Twitter IPO will start trading this week.
Reports this week include: Jobless claims (11/7) and Employment Report and Personal Income and spending (11/8).
Some of the major earnings announcements on deck include: CBS, Disney, Priceline, Groupon, Tesla, Kellogg's, Cisco, Wendy's and Apache just to name a few.
$tockMarketDirection is in a Bullish Posture. We strongly encourage our many bloggers/followers to monitor positions closely, exercise proper money management strategies and to monitor $tockMarketDirection for ALERTS that we may issue advising of a change in our current bullish posture. Cha-ching.
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