The Week Ahead in the Stock Market
July 30, 2012
Market Information for this Week.....
The Week Ahead in the Stock Market - July 30, 2012
The U.S. Federal Reserve and the European Central Bank both meet in the week ahead amid investor expectations of action to stimulate economic growth.
Besides the July employment report, which is expected to show that just 100,000 jobs were added this month in a slow growing U.S. economy, there are also earnings from about a fifth of the S&P 500.
The Economy and Earnings in the Week Ahead - July 30, 2012
Besides the July employment report, which is expected to show that just 100,000 jobs were added this month in a slow growing U.S. economy, the Federal Reserve and the European Central Bank will meet in the week ahead.
There are also earnings from about a fifth of the S&P 500, such as General Motors, AIG, Procter and Gamble, Kraft, Time Warner, Berkshire Hathaway and MasterCard, are among the companies reporting.
The Major ETFs in the Week Ahead – July 30, 2012
The uptrend for June and July remains intact for the index ETFs, and can continue as long as the short-term highs are created and support levels hold.
Currently, the ETFs, S&P 500 SPDR and Dow Jones Industrial SPDR appear to be in the best shape, with the strongest short-term uptrends at this time.
The Past Week Stock Market Results – July 30, 2012
The past week saw the stock market finally break free of its recent trading range -- the SPX cleared its hurdle near the 1,380 area, while the Dow shot above the round-number 13,000 level. Both respective indices have taken out their previous June and July peaks, which is a good sign for the market as July comes to a close.