The Week Ahead in the Stock Market
July 09, 2012
Market Information for this Week.....
The Week Ahead in the Stock Market - July 09, 2012
In the week ahead, the second quarter earnings season kicks off with just a few reports -- Alcoa, Yum! Brands, JPMorgan Chase and Wells Fargo -- but they will be important early looks at whether the fallout from Europe and the slower global growth is hurting corporate America. Also watch oil, gold and corn prices and their movements!
Thursday’s weekly jobless claims will be monitored, as will the minutes of the last Federal Reserve meeting Wednesday -- but more important, perhaps, is a batch of fresh Chinese data.
The Economy and Earnings in the Week Ahead - July 09, 2012
The economy will be tested in the week ahead with reports on consumer credit, the minutes from the June Federal Reserve meeting and the June Producer Price Index report. Also, the week features earnings from Alcoa, Yum! Brands, as well as banking giants, JPMorgan Chase and Wells Fargo.
The Major ETFs in the Week Ahead – July 09, 2012
Late week saw selling erode or completely erase any gains seen from buying earlier in the week. Most of the ETFs finished the week below the resistance levels they recently broke, indicating false breakouts. This price action, coupled with bearish divergence in on-balance volume, will make it very difficult for the indexes to reach a new 52-week high any time soon.
The Past Week Stock Market Results – July 09, 2012
The month of July is getting off to a rough start. Worldwide rate cuts last Thursday did not impress investors or traders. This set the stage for June’s uninspiring jobs report, which led to stocks closing the week on a negative note.