Index Recap & Looking Ahead to Next Week
First, the earnings (I'll be paying attention to the italicized ones; courtesy of Briefing.com):
- Monday: ALDN, ACI, BAC, LLY, GCI, MRK, NVLS, STLD, and TXN...
- Tuesday: AKS, BHI, CME, COH, LMT, MCD, NCC, PAS, UAUA, UNH, WU, BRCM, CREE, CYMI, NSC, VMW, YHOO, and YUM..
- Wednesday: AAPL, APD, ABK, ABC, BIIB, FCL, GENZ, SGP, BUD, AMZN, CMG, FFIV, NTRI, and QCOM...
- Thursday: MMM, MO, DOW, FLIR, MOT, NOC, PEP, POT, RTN, TASR, ZMH, AXP, BIDU, MFE, WFR, MSFT, WDC, and YRCW...
- Friday: AXL, GT, ERIC, and WEN.
Note: VMW, NTRI, CMG, BIDU, TASR, CREE and YRCW have significant short interests (a positive reaction to their earnings could accelerate quickly to the upside)
You'll notice there are quite a few coal, steel, semi
This week's economic reports are on the lighter side & there is no scheduled fed speak.
On to the indexes:
- Keeping a longer term perspective on the S&P
- The S&P daily
- The QQQQ daily
- The IWM daily
- The XLF daily
- The SMH daily
We've had quite a nice move up over the last week and we're probably due for some sort of a breather here. Another event that will make next week interesting is what happens of the YHOO/MSFT deal.
Things look good for now and I think that will continue, even if we get a few minor shocks along the way. Any unexpected major shocks could definitely change the course over the short to intermediate term.
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