Monday, May 14, 2018
The Week Ahead
The Dow Jones Industrial Average, S&P 100, NASDAQ 100 and Russell 2000 were all higher on a weekly basis reversing a couple weeks of losses. The Big Picture [monthly bias] for the NASDAQ 100, the Dow Jones Industrial Average, Russell 2000 and the S&P 100 remain positive.
1.Geopolitical and Fiscal Events. Monday sees Federal Reserve Cleveland President Loretta Mester speak at 2:45 a.m. EDT and then St. Louis President Bullard speaks at 9:40 a.m. EDT. Wednesday sees Federal Reserve Minneapolis President Raphael Bostic speak at 8:30 a.m. EDT and then St. Louis President Bullard speaks at 6:30 p.m. EDT. Thursday sees Federal Reserve Minneapolis President Neel Kashkari speak at 10:45 a.m. EDT. Friday sees Federal Reserve Cleveland President Loretta Mester speak at 3:00 a.m. EDT.
2.Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as retail sales, housing starts, industrial production and leading indicators.
3.Earnings Releases. Notable releases next week include A VIPS HD EXP CSCO NTES WMT AMAT AZN DE.
Monday, May 14
OPEC releases its latest monthly report at 7:00 a.m. EDT.
Tuesday, May 15
April Retail Sales are due out at 8:30 a.m. EDT and are expected to fall to 0.3% from 0.5%.
The U.S. Treasury will sell $13 billion of 30 year bonds and $28 billion of three year notes
Wednesday, May 16
April Housing Starts are released at 8:30 a.m. EDT and expected to rise to 132,500 from 131,900.
April Industrial Production is released and expected to rise to 0.6% from 0.5%.
Thursday, May 17
April Leading Indicators are reported at 10:00 a.m. EDT and expected to rise to 0.4% from 0.30%.
Friday, May 18
None of note.
ARC DOCUMENT SOLUTIONS (ARC)
by Superstock Investor
Trump Starts To Undo A Problem The Aofdministration Created
President Trump has heard the appeal from Chinese President Xi that Chinese company ZTE is not getting a fair hearing. This may not be the fact as they sold telecom to Iran and North Korea. Not good but that may now be ignored as trade concessions are more important.
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