The bulls charged and emerged victorious last week. However, Dr Brett noted that many indicators were not confirming the recent price strength. Let's see how the market acts this week as earnings season start to intensify with many bell weather stocks reporting earnings. Not forgetting there will be several speeches by the Fed Chairman and Presidents. And also its Options Expiration Week!
Mon: NY Empire State Index Notable earnings: GWW, ETN, NVLS
Tue: PPI, Industrial Production, Fed President Hoenig speaks about the economy and the monetary outlook. Notable earnings: YHOO, KO, USNA, MER, PPDI, JNJ, INTC, JEF