The Week Ahead
The S&P 500, Dow Jones Industrial Average and the NASDAQ 100 were all higher again last week. The Russell 2000 broke its recent weakness and was higher as well. The S&P 500, NASDAQ 100, Russell 2000 and Dow Jones Industrial Average are still above their one month moving average, the 21 day moving average.
1.Geopolitical and Fiscal Events. This week sees ECB out with its latest rate decision.
2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as Existing Home Sales, Leading Indicators and New Home Sales.
3.Earnings Releases. Notable releases this upcoming week include KO IBM JNJ PG NFLX ABT ASML VZ INTC T HON AXP.
Monday, April 19th
Oncocyte (OCX) holds its analyst meeting and is a Type 4 Long Squeeze.
Tuesday, April 20th
U.S. Gold (USAU) and Ideaya Biosciences (IDYA) hold their analyst meetings and are Type 4 Long Squeezes.
Wednesday, April 21st
No events of note.
Thursday, April 22nd
March Existing Home Sales are due out at 10:00 a.m. EDT and are expected to fall to 6.15 million from 6.22 million.
March Leading Indicators are due out at 10:00 a.m. EDT and are expected to rise to 0.6% from 0.2%.
The European Central Bank (ECB) is out with its latest decision at 7:45 a.m. EDT.
First Source Corp (SRCE) holds its analyst meeting and is a Type 4 Long Squeeze.
Friday, April 23rd
March New Home Sales are due out at 10:00 a.m. EDT and is expected to rise to 912,000 from 775,000.