The Week Ahead For March 25th to 29th: First Quarter Ends Friday
The NASDAQ 100 was lower for the week as were the S&P 100, Dow Jones Industrial Average and Russell 2000.
1.Geopolitical and Fiscal Events. Federal Reserve Chicago and Philadelphia Presidents Evans and Harker speak on Monday. On Tuesday, Federal Reserve Philadelphia President Harker speaks again. Wednesday sees Federal Reserve Kansas City President George speak. Thursday sees a myriad of Federal Reserve speakers including Governors Quarles, Clarida and Bowen along with Federal Reserve Atlanta, New York and St. Louis Presidents Williams, Bostic and Bullard.
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 housing starts, consumer confidence, Q4 GDP (final), pending home sales, personal income, new home sales and University of Michigan Consumer Sentiment.
3.Earnings Releases. Notable releases this upcoming week include RHT CMCM CCL MKC PAYX LULU CAN RH KMX BB.
Monday, March 25
Apple (AAPL) holds a media event in Cupertino, California where it is expected to release a new streaming television service. The stock is a short squeeze as Short Intensity is 100%. Short Intensity is therefore heavy. When short intensity is heavy 56.30% of the time shorts are squeezed. The average move is 15.60% and so far it has moved 5.60%. The average duration is 94 days and the current duration is 9 days. When shorts make money, the average gain is 14.8%.
Tuesday, March 26
February Housing Starts are due out at 8:30 a.m. EDT and due to fall to 1,210,00 from 1,230,000.
March Consumer Confidence is due out at 10:00 a.m. EDT and is expected to rise to 132 from 131.40.
The latest short interest data from the NYSE and NASDAQ is due out after the close and reflects data through settlement date of March 15th.
Wednesday, March 27
Sempra Energy (SRE) holds its analyst meeting and is a Type 1 Short Squeeze. Short Intensity is moderate at 62%. When short intensity is moderate 52.38% of the time shorts are squeezed. The average move is 5.13% and so far it has moved 10.47%. The average duration is 54 days and the current duration is 28 days. When shorts make money, the average gain they make 3.44%.
Thursday, March 28
Q4 GDP (final estimate) is due out at 8:30 a.m. EDT and are expected to fall to 2.5% from 2.6%.
February Pending Home Sales are due out at 10:00 a.m. EDT and are expected to fall to 0.5% from 4.6%.
Mosaic (MOS) holds its analyst meeting and is a Type 4 Long Squeeze.
Friday, March 29
February Personal Income is due out at 8:30 a.m. EDT and is expected to rise to 0.3% from -0.1%.
February New Home Sales are due out at 10:00 a.m. EDT and are expected to rise to 618,000 from 607,000.
March University of Michigan Consumer Sentiment (final) is due out at 10:00 a.m. EDT and is expected to remain at 97.80
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