The Week Ahead For April 9 Through April 13

The Dow Jones Industrial Average, S&P 100, NASDAQ 100 and Russell 2000 were all lower on a weekly basis thanks to Friday’s meltdown. The Big Picture [monthly bias] for the NASDAQ 100, the Dow Jones Industrial Average, Russell 2000 and the S&P 100 remain positive.

1.Geopolitical and Fiscal Events. Monday sees the IMF issue its latest World Economic Outlook. Wednesday sees the FOMC out with its March minutes. Friday sees Federal Reserve St. Louis President James Bullard speaks in St. Louis.

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 PPI, CPI and Michigan Sentiment.

3.Earnings Releases. Notable releases next week include FAST BBBY BLK DAL SJR CBSH JPM WFC C PNC.

Monday, April 9

The International Monetary Fund (IMF) updates its World Economic Outlook.

Tuesday, April 10

March PPI is reported at 8:30 a.m. EDT and is expected to remain at 0.2%.

Facebook (FB) CEO Mark Zuckerberg testifies before the House Energy & Commerce Committee and the Senate Judiciary Committee. The hearing lasts two days.

After the close, the latest NYSE and NASDAQ Short Interest is released.

Wednesday, April 11

March CPI is reported at 8:30 a.m. EDT and is expected to fall to 0.00% from 0.2%.

The Federal Reserve Open Market Committee (FOMC) releases its March meeting minutes from March at 2:00 p.m. EDT.

Thursday, April 12

The Bank of Korea is out with its latest release.

Friday, April 13

April Michigan Sentiment is out at 10:00 a.m. EDT and is expected to fall to 100.5 from 101.40.