In the week ahead make note of these important economic announcements.
· Mon: Existing Home Sales 10:00 AM ET
· Weds: Durable Goods Orders 8:30 AM ET
· Weds: New Home Sales 10:00 AM ET
· Thurs: GDP 8:30 AM ET
· Thurs: Jobless Claims 8:30 AM ET
· Fri: Personal Income and Outlays 8:30 AM ET
· Fri: Consumer Sentiment 9:55AM ET
· Mon: Existing Home Sales 10:00 AM ET
· Weds: Durable Goods Orders 8:30 AM ET
· Weds: New Home Sales 10:00 AM ET
· Thurs: GDP 8:30 AM ET
· Thurs: Jobless Claims 8:30 AM ET
· Fri: Personal Income and Outlays 8:30 AM ET
· Fri: Consumer Sentiment 9:55AM ET
Treasury Secretary Timothy Geithner will hold a briefing at 8:45 ET on Monday in efforts to stabilize the financial system. He is also delivering a speech on financial regulation reform before House Financial Services Committee in Washington of Thursday 10:00 AM ET, this could act as market mover as well.
We will be looking at the S&P 750 level as support and the 800 level as resistance. A pullback would be expected and would be nice to see as this would act as a breather and any move sideways would form a stronger support level for future retests.
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