The NASDAQ 100 was higher as were the S&P 100, Dow Jones Industrial Average and Russell 2000. The Big Picture [monthly bias] for the S&P 100, Russell 2000, Dow Jones Industrial Average and NASDAQ 100 remain negative on the monthly DMA Channel. For the indexes to move out of negative bias situation they need to a close a month above the monthly DMA Channel.
1.Geopolitical and Fiscal Events. Monday sees the House of Commons hold several votes on Brexit.
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, ISM Manufacturing, Construction Spending, Durable Orders, ADP Employment Report, ISM Non-Manufacturing Index, Nonfarm Payrolls and the Unemployment Report.
3.Earnings Releases. Notable releases this upcoming week include CALM NVGS WBA PLAY AYI GME STZ ISCA DLTH GBX.
Monday, April 1
The House of Commons will vote on up to eight Brexit proposals.
February Retail Sales are due out at 8:30 a.m. EDT and are expected to remain at 0.2%.
March ISM Manufacturing Index is due out at 10:00 a.m. EDT and is expected to fall to 54.1 from 54.20.
February Construction Spending is due out at 10:00 a.m. EDT as well and is expected to fall to -0.3% from 1.3%.
Tuesday, April 2
February Durable Orders are due out at 8:30 a.m. EDT and due to fall to -0.9% from 0.4%.
Wednesday, April 3
March ADP Employment Report is due out at 8:15 a.m. EDT and is expected to fall to 178,000 from 183,000.
March ISM Non-Manufacturing Index is due out at 10:00 a.m. EDT and is expected to fall to 57.9 from 59.7.
Banco Santander (SAN) holds its analyst day and is a Type 4 Long Squeeze.
Thursday, April 4
Resmed (RMD) holds its analyst meeting and is a Type 4 Long Squeeze.
Friday, April 5
March Nonfarm Payrolls is due out at 8:30 a.m. EDT and is expected to rise to 170,000 from 20,000. The unemployment rate is expected to remain at 3.8%.