On Friday U.S. stocks ended mostly higher, with the major indexes finishing with mixed results for the week while crude-oil futures ended lower.

On Monday the Dow Jones Industrial Average climbs nearly 100 points but fall back to finish with a weekly loss of 0.6%. The S&P 500 climbed 5.27 points to close at 1,298.19, ending flat, with 0.1% gain from a week ago while the Nasdaq Composite ended at 2,452.52, a weekly rise of 1.6%.

Stocks could move higher in the week ahead as the Dow is making weekly higher highs and higher lows. The SMA has crossed over and MACD Histogram moving higher further strengthening the market’s direction.

The market movement has been dependent on the reverse in commodities prices especially crude oil, and the strengthening dollar to move higher. Crude oil fell 1.2%, gold had slipped 8.4% to $786, its lowest settle since last Nov. 30.

Inflation and housing are the most influential economic data to watch in the coming week. The July PPI will be reported on Tuesday at 8:30am, expected to rise 0.4% and core PPI to rise by 0.2 %. The National Association of Home Builders survey will be reported on Monday, while housing starts for July are expected to report on Tuesday at 8:30am.

Another important data includes Thursday’s weekly jobless claims at 8:30am. The Philadelphia Fed survey and leading indicators are both reported at 10am the same day.

Companies reporting earnings next week include ANN, GME, GPS, HD, HNZ, HPQ, LOW, LTD, SKS, STP and TGT.

“When I’m bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don’t buy long stocks on a scale down, I buy on a scale up” - Jesse Livermore

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