Last week was the 4th consecutive week the S&P 500, DOW and Nasdaq closed up higher without a down week in between. Looking back one year, the last time this happened in S&P 500 and DOW was late Sep - Oct 06 while for Nasdaq, it was dated way back in mid Oct- Nov 05. Oh and did I mention that the last time this pattern occurred in DOW, it was aiming at the 12,000 mark. And now less than a year later, we have just surpassed the 13,000 level.
The week ahead has some heavy-weight figure speaking and also the important unemployment report. We shall see how they move the market... Mon: Personal Income & Personal Spending, Chicago PMI Notable earnings: SWN, ZBRA, CTX, BEAV, RSH, VMC, TSN Tue: ISM Index, *Fed Chairman Speaks @ 11am EST Notable earnings: ACS, ADM, CEPH, EXP, GYI, NVTL, UA, YUM, EOG, HOLX, JOE