Wk46: Market Forecast

In the week ahead look for these news announcements to act as potential market movers…
• Mon: Retail Sales 8:30 AM ET
• Tues: Producer Price Index 8:30 AM ET
• Tues: Treasury International Capital 9:00 AM ET
• Tues: Industrial Production 9:15 AM ET
• Tues: Housing Market Index 1:00 PM ET
• Weds: Consumer Price Index 8:30 AM
• Weds: Housing Starts 8:30 AM ET
• Weds: EIA Petroleum Status Report 10:30 AM ET
• Thurs: Jobless Claims 8:30 AM ET
• Thurs: EIA Natural Gas Report 10:30 AM ET

OPTIONS EXPIRY NOV 20!

There’s a lot of economic data on the horizon this week. Ben Bernanke Speaks Monday at 12:00 PM ET to the Economic Club of New York.

S&P500
Daily Trend: Bull Flag
Weekly Trend: Ascending Triangle
Resistance: $1105.37 (prior high not strong resistance)
Support: $1065 - $1075

Dow
Daily Trend: Bull Flag
Weekly Trend: Ascending Triangle
Resistance: $10,341.97 (prior high not strong resistance)
Support: $10,100 - 10,200

NASDAQ
Daily Trend: Bull Flag
Weekly Trend: Sideways to Up
Resistance: $2190.64 (prior high not strong resistance)
Support: $2130 - $2150

Russell 2000
Daily Trend: Start of an uptrend (double top a few weeks ago)
Weekly Trend: Sideways
Resistance: $596.93 (prior high not strong resistance)
Support: $555 - $575