In the week ahead make note of these important economic announcements.
· Tues: Consumer Confidence 10:00 AM ET
· Weds: ISM Manufacturing Index 10:00 AM ET
· Weds: Pending Home Sales Index 10:00 AM ET
· Thurs: Jobless Claims 8:30 AM ET
· Fri: Employment Situation 8:30 AM ET
· Fri: Ben Bernanke Speaks 12:00 PM ET
· Tues: Consumer Confidence 10:00 AM ET
· Weds: ISM Manufacturing Index 10:00 AM ET
· Weds: Pending Home Sales Index 10:00 AM ET
· Thurs: Jobless Claims 8:30 AM ET
· Fri: Employment Situation 8:30 AM ET
· Fri: Ben Bernanke Speaks 12:00 PM ET
Our next target level is the S&P 875 area with a support level at 805. The dailies are forming a bull flag so any break over $833 should constitute a move higher, as always watch for confirming internals, increasing volume, and a retraction in the VIX to confirm a breakout move.
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