Targets hit: FB
Entry alerts: EDU; MCHP
Trailing stops: None issued
Stop alerts: None issued
The market alert service is a premium level service where we issue intraday alerts relating to the general market conditions, when stocks hit action points (buy, stop, target, etc.), and when we see other information impacting the market or our stocks. To subscribe to the TTR alert service you can sign up at the following link:
The Market Video is DIVIDED into component parts: Market Overview, Economy, Technical Summary, and the Next Session. Choose the segments you are interested in without having to search a longer video. Click on the link to the portion you wish to view.
TO VIEW THE MARKET OVERVIEW CLICK THE FOLLOWING LINK:
TO VIEW THE Economic SUMMARY VIDEO CLICK THE FOLLOWING LINK:
TO VIEW THE TECHNICAL SUMMARY VIDEO CLICK THE FOLLOWING LINK:
TO VIEW THE NEXT SESSION VIDEO CLICK THE FOLLOWING LINK:
The REPORTS SCHEDULE is as follows:
MONDAY, WEDNESDAY and the WEEKEND reports contain NEW PLAYS, Market Summary Video, Play Videos, and Play Tables with play annotations.
TUESDAY and THURSDAY reports will contain the market summary, chart links to view the index charts, and updated play tables.
Access to all current videos will remain assessable each day using the play links in the reports.
If any market circumstances arise where we see additional plays we want to prepare for the next session, we will of course issue those plays regardless of the day of the week.
- Jobs miss, unemployment below 5%, victory declared, but the same old problems are present and more. And the market knows it.
- Foreign workers are not taking your jobs, but they are.
- A low pay, hourly job does not equal a middle class salaried breadwinner job.
- NASDAQ now at its post QE3 lowest
- DJ30 hanging in thanks to money moving to beaten down areas, but it won't be a refuge forever.
- Sharp Friday selloff can lead to a relief bounce or more downside, but overall a downtrend is now in place.
Friday robust (using euphemisms early this report) selling in NASDAQ stocks thwarted any SP500 run at the 1940 resistance level. NASDAQ broke to lower closing lows below the January closed and the August 2015 close. RUTX broke to a new 2016 and the lowest close since mid-2013. All indices lost more than 1% with NASDAQ sporting a rather startling 3.25% decline with NASDAQ 100 falling 3.44%.
SP500 -35.40, -1.85%
NASDAQ -146.42, -3.25%
DJ30 -211.61, -1.29%
VOLUME: NYSE -5%, NASDAQ +13%. NASDAQ volume jumps well above average as the NASDAQ stocks get sold heavily.
A/D: NYSE -3.2:1, NASDAQ -4.4:1.
Friday looked bad, but while SP500 did not make a run at 1940 and sold 1.85%, it did hold over the January consolidation lows that formed after the initial rally off that selling. DJ30 hardly flinched, holding near its rebound highs. SP400 showed similar action while SOX performed similar to SP500, holding at the initial consolidation lows off the first January bounce.
What that shows is the continued rotation in the market from the big tech and NASDAQ names to older school names in metals, industrials, energy, utilities -- beaten down areas that are viewed as values. Values for now.
Money is still leaving the market because all indices are heading lower in an ongoing downtrend formed off of the big top from 2014 through 2016. You know all of that about the top if you have been watching and reading. The top is still in place, and indeed, SP500 cannot even get over the first resistance level on a recovery move. That looks pretty weak.
So will the 'value' areas rescue the market? They are what is keeping a full-fledged crash from occurring right here, right now. Some are still seeking places to put money. They are not in the 'buy on the dip' mode as they are avoiding the big names are burning up in freefall as they reenter the atmosphere after stratospheric runs. In buying the beaten down areas, however, they show they still consider the market a place to invest.
Frankly, we don't. The market is in a major top and while it has sold off it has nowhere near priced in what is ahead for the economy. The economy is rolling over, and despite the President Friday declaring economic victory it is not. The Fed staked its claim on the jobs market in setting its policy. The President declared that 4.9% unemployment and millions of hourly low pay jobs as economic nirvana.
The sad irony is that jobs are the most lagging economic indicator and the more leading initial claims are pushing to a year high, foretelling a drop in jobs creation to come (in addition to the rollover in the other economic data). Their reliance on jobs as proof of a strong economy even in the face of recession readings in durable orders, factory orders, manufacturing, etc. is like Bill Cosby thinking an oral agreement with a DA could keep dozens of other cases against him from prosecution, like Nixon thinking he could make another comeback after Ford pardoned him, like Rick Moranis in 'Ghostbusters' thinking he has a chance with Sigourney Weaver, like Jeb Bush still thinking he can win the republican nomination. A sad, misguided, pathetic quality about it all. It would be funny but for so many millions suffering as victims of the delusion.
Dozens of women must I am not a crook We'll play Twister. . . Please clap . . .
be believes, H. Clinton
Thus while some money moves their way and is helping hold up DJ30 and to a lesser extent SP500, ultimately those moves will not last as the money will eventually move out of those as the economy continues to fall into recession. Thus we are traders now versus investors, though you can 'invest' in QID, SDS and other inverse ETF's that rise as the market falls.
The sum of the day and week: NASDAQ rolled over as the selling of the big names continues. DJ30, SP400 show relative strength as money shifts to 'old economy' stocks that sold hard in the market's 'other' bear market. SP500 failing the 1940 level but not totally out of the hunt. DJ30 still looks solid as it houses many of the weaker areas that are now getting money pushed their way. For now there are upside buys as the market still seeks 'value' in beaten down sectors. By nature, however, they have to be short term plays. The overriding trend, however, is down, and thus while we can play some areas receiving money, the overall focus will be on downside plays where the trend works for us and does not require perfection.
Now, with that market analysis there is also the wild card, the X factor, the . . . Fed. Sadly, the backdrop to all market moves is when will the Fed intervene to once again try and save the market from the economy. If the market declines far enough the Fed knows that the Administration's and its economy won't rescue it and the question is whether the Fed is going to try and play white knight once more and create another wealth effect. Another question is whether it CAN create the same effect with more QE, negative rates, or whatever. The point, however, is the Fed is always out there and can act again to try and rescue the market. Does it wait until a 20% decline? Before? Or, will Yellen realize the failure of past policy and just let the market find its lows? Oh, THAT is a good one!
That backdrop can occur at any time and at least near term disrupt the downside. It is out there, it is something to be aware of, but it is also something you cannot predict. Just be ready to bail, go neutral when it happens, then take it from there depending upon the market setup after the initial move.
Jobs Report Redux
Non-Farm: 151K versus 188K expected versus 262K December (from 292K)
Unemployment Rate: 4.9% versus 5.0% versus 5.0%
Hourly wages: 0.5% versus 0.3% versus 0.0% December (highest since January 2015). Obviously yearly waged adjustments as well as the start of $15 minimum wages in some states. Of course Oregon is already going back on its mandate in many areas, realizing it is pushing businesses, and thus jobs and tax money, out of business and out of the state.
Participation rate: 62.7%, ticking higher again as more people try to find work.
Household Survey: +615K jobs as +409K employed and +284K entering the workforce.
Average workweek: 34.6 versus 34.5 expected versus 34.5 prior.
Definitely some improvement in areas but again, the problems remain the same and will remain the same until policies are changed.
70% of the jobs created were in the food service and retail areas, the lowest paying jobs among the lowest paying jobs.
Manufacturing jobs rose 29K according to the BLS, but the ISM manufacturing report shows manufacturing jobs falling to cycle lows. How? Oh yes, adjustments. The BLS is using double seasonal adjustments now, and that turns jobs losses into miraculous (and also nonexistent) job increases.
Manufacturing versus Food Service since the recession: Food service +1.6M, Manufacturing -1.4M.
Net Foreign Born workers versus US born: The President says immigrants are not taking jobs from US citizens. As with most bold statements the President makes, they are in best light overlooking the facts, in the worst light they are outright lies.
Foreign born workers since 12/2007: +2.5M
US born workers: +186K
Productivity declines: Since 2011 productivity has been virtually 0% in what is called the best jobs market ever. Productivity directly correlates to GDP growth, and the nonexistent productivity and weak GDP go hand in hand.
More than that, when you tie in the TYPES of jobs created in the economy it is fully understandable why productivity, AND THUS STANDARD OF LIVING, are flat to declining. Recall the story of the famous economist Milton Friedman who visited a communist country where the leaders proudly showed him thousands of workers building a canal. When Friedman inquired why the workers were using shovels versus much more efficient earth moving equipment, the leaders boasted that by using shovels they were able to employ thousands versus hundreds. Friedman, in his ever quick grasp of economic idiocy, quipped why not have the workers use spoons?
The point: you can have zero productivity and plenty of people working, but the jobs will be for unskilled laborers earning the lowest possible wage. Standard of living must fall just as it has been doing as there is no capital investment and thus none of the new inventions, technologies, etc. that drive millions of the new breadwinner jobs that raise the overall standard of living. If we want to have the output of socialist/communist governments, we are on the path and well on the way. As the GDP numbers from last week show, our GDP growth is no longer what we considered average at 3%, but 'great' at less than 2%.
What it means.
It has become almost trite to compare the disconnect in the Administration and in DC regarding the true economy and the plight of the middle class to Orwell's '1984.' But it is apropos.
We hear the economy described as 'great' by those who are purported to know, those on the financial stations, in the White House, in Congress. Yet we do know math (even if it is at remedial levels), and an economy growing at 0.69% quarter/quarter and less than 2% annually does not equal what, prior to 2008, the economy's 'speed limit' was per the Fed, i.e. 3%. That was the average, the perfect growth level. Not one quarter, but average for the year.
We also know that all jobs are not equal. We learned that in high school working for fast food restaurants or other retail businesses that paid low end hourly wages. We learned how to be on time, work a schedule, work a routine, AND that we wanted a better job. Millions of low-paying hourly jobs in the service sector DO NOT equal millions of high paying, standard of living raising, family supporting, upward mobility assisting, breadwinner jobs. The President and all his men and women can try to brainwash into this month after month, but we are not stupid. Again, remedial math, the kind taught up through twelfth grade in most Department of Education funded schools, comes into play. A job making $75K - $100K salary beats a $15/hour (the new minimum wage) $31K service sector job. Period.
The thing is, we are told the economy is producing jobs, but frankly we DON'T KNOW because the numbers the government reports are internally inconsistent. We are told the household survey says 615K jobs were added in January. Yet, the unadjusted numbers from the BLS show 665K people LOST jobs. Hell, I CAN CREATE 615K jobs if I can adjust the numbers anyway I see fit.
Indeed, the lack of jobs is what most feel and why those who do not speak the company government line are leading or showing remarkable equality with the candidates identified with the establishment.
Never have so many struggled so hard for so little in supposedly such a great economy. It is as if you are looking at alternate realities based upon your position in America. The President speaks of economic victory, the CEO billionaire of a large real estate hedge fund is flabbergasted that as to why people are upset and angry. Once again it is a let them eat cake moment. And now it is resulting in a market drop as the metrics by which the Fed and the powers gauge of the economy and what the rest of the people see and feel are at complete opposites. The market, however, appears to once again be the clear arbiter of the true economic situation.
Sharp selloffs in the indices but not all have broken to lower lows. That means they could still hold the rally and continue higher, but we know how that works. In a falling economy and a topped market, the upside does not drag the laggards with it, but the laggards actually drag the upside leaders to the downside. Thus while the Dow and SP500 can work counter the downtrend for a bit of time, if the overall economic slide continues and the index top remains in place (and it is firmly in place), then even the holdouts will fall.
Money is leaving technology and growth and moving into the downtrodden industrials, materials, metals, as well as continuing to work in retail, utilities.
NASDAQ: New closing lows for 2016/2015 and indeed now negative since the end of QE in October 2014. The attempt to bounce to end January and start February has utterly failed. It closed at the March 2014 high formed ahead of that summer's selloff and the upper gap point from October 2014 as NASDAQ gapped higher off of the Ebola scare selloff. The August low (4292), the lower gap point from October 2014 (4316), the October low (4116) are all potential support for what they are worth. For now their worth is factoring in bounce points to close out near term downside plays, let a bounce occur, then pick up more.
SP500: Sold to the recent consolidation lows and held. That matches roughly the August and September lows. Still keeps it in the rally possibility mode to try 1940, but that has become a longer shot.
DJ30: Sold but just off the recent highs and resistance at the early January bounce peak at 16,500. Not in trouble, but it could be at the apex of the right shoulder to a head and shoulders pattern. Held higher by certain groups where value seekers are buying, but in an overall market top, that won't last.
SP400: Very similar to DJ30, backing off modestly from the rally off the last January low. Overall, a very sharp drop, a bounce to the 50% Fibonacci retracement, and struggling there.
RUTX: The small caps rallied up off the lows to the 38% Fibonacci retracement and have rolled over. Very weak action failing at the 38% Fibonacci retracement.
SOX: Rolled over from an ABCD downside pattern that peaked 5 sessions back. Never put much of a dent in the selloff, rebounding between the 38% and 50% Fibonacci retracement then rolling over.
The metals, industrials, and energy recovery keeps the DJ30 holding its gains. They took a breather Friday but are holding well. Others are getting chucked overboard as money flees them to other areas, and leaves the market overall.
Big Names: More massive selling. GOOG -3.45%. AMZN -6.3%. FB -5.8%. NFLX -7.7%. MSFT -3.5%. Total flight.
Metals: Holding up very well. SID off modestly. STLD, CENX testing but nothing huge. Just testing the recent moves.
Financial: Hitting some resistance in the rebounds, e.g. JPM. GS rallied again but stalled at the 20 day EMA and reversed to flat. BAC gapped and rolled to negative. MA plunged. V broke below the 200 day SMA.
Energy: XOM up to the 200 day SMA. HAL gapped lower to the 20 day EMA. SWN posting a nice 5.6% move. GPOR making a nice 10 day EMA after its surge.
Retail: Again very mixed. LOW and HD are crashing. DLTR trying to hold after a sharp selloff. DDS, M (department stores) are testing but holding up well. KSS, another department store, bombed lower on the week. WSM looks interesting for an upside trade. RL was hammered. NKE broke the 200 day SMA, UA may have a gap to fill.
Utilities: Testing solid moves, e.g. EQT, PCG, AEP.
Software: Slaughtered. BLKB, RHT, SPLK, CALD, PANW and on and on. ORCL hasn't broken but will see if it plays. On the other hand, ROVI remains solid enough, AVID posted a gain Friday. Wish we could have caught some of these.
Chips: Down hard Friday but still trying to consolidate. Not ready to buy. NXPI, AVGO. AMD breaking lower. MU stalled at the 20 day EMA but looks as if it wants to move higher off the January lows.
Industrials: CMI still rallying, CAT taking a pause.
Stats: -146.42 points (-3.25%) to close at 4363.14
Volume: 2.412B (+12.69%)
Up Volume: 344.08M (-1.096B)
Down Volume: 2.14B (+1.398B)
A/D and Hi/Lo: Decliners led 4.37 to 1
Previous Session: Advancers led 1.46 to 1
New Highs: 3 (-11)
New Lows: 209 (+119)
Stats: -35.4 points (-1.85%) to close at 1880.05
NYSE Volume: 1.19B (-4.8%)
A/D and Hi/Lo: Decliners led 3.24 to 1
Previous Session: Advancers led 1.76 to 1
New Highs: 57 (+9)
New Lows: 153 (+85)
Stats: -211.61 points (-1.29%) to close at 16204.97
VIX: 23.38; +1.54. VIX is going nowhere despite the selling. This indicator is lagging until it spikes the market likely has nothing but downside. Recall this was the one holdout in all of the sentiment and internal indicators we watched during the market selloff.
VXN: 27.65; +2.3. Even the NASDAQ volatility index is not moving, at least not nearly commensurate to the NASDAQ selloff.
VXO: 25.99; +2.78
Put/Call Ratio (CBOE): 0.97; +0.03
Recent history: Below 1.00 for the past four sessions. Over 1.0 for 18 of the last 26 sessions.
Bulls and Bears: Bulls jumped but so did bears, and with bears jumping the crossover held. Still bullish but thus far the reaction is not there.
Bulls: 34.0 versus 29.2. A rather absurd jump to 34%. Still below 35% threshold and still more bears that bulls.
Bears: 38.1 versus 35.4.
Theory: When everyone is bullish and has put all their capital to work, where does the ammunition to drive the market come from? There is always new money to start a new year. After that is used will more money be coming? That is the question.
29.2% versus 26.8% versus 28.6% versus 34.7% versus 36.7% versus 37.8% versus 44.9% versus 41.2% versus 45.4% versus 43.3% versus 45.3% versus 46.9% versus 43.7% versus 37.5% versus 36.5% versus 30.2% versus 24.7% versus 26.0% versus 26.8% versus 25.7% versus 27.8% versus 31.6% versus 37.7% versus 40.2%
Background: Bulls hit their lowest level in 2015 since the 2008 and 2009 market plummet.
35.4% versus 36.1% versus 35.7% versus 31.6% versus 29.6% versus 29.6% versus 27.6% versus 26.8% versus 26.8% versus 28.9% versus 28.1% versus 29.2% versus 31.3% versus 31.2% versus 34.4% versus 35.1% versus 30.2% versus 26.8% versus 27.9 versus 26.8% versus 22.5% versus 18.4% versus 18.6% versus 17.5% versus 17.5%
Background: Over 35% for bears is the threshold to be really be a good upside indicator. The best indication is when bears cross up through bulls as the two merge. Both occurred in fall 2015.
Bonds (10 year): 1.85% versus 1.85%. Lowest weekly close since 4/2015.
Historical: 1.85% versus 1.88% versus 1.86% versus 1.96% versus 1.93% versus 1.99% versus 2.019% versus 2.01% versus 2.01% versus 2.05% versus 2.01% versus 1.99% versus 2.05% versus 2.03% versus 2.09% versus 2.07% versus 2.105% versus 2.17% versus 2.11% versus 2.15% versus 2.18% versus 2.25% versus 2.18% versus 2.24% versus 2.27% versus 2.30%
EUR/USD: 1.1159 versus 1.1206. Paused the surge higher through the 200 day SMA and the December peak. Big move and now just below the August to October treble highs.
Historical: 1.1206 versus 1.1110 versus 1.0916 versus 1.0905 versus 1.0836 versus 1.0939 versus 1.0899 versus 1.0854 versus 1.0849 versus 1.0798 versus 1.0769 versus 1.0815 versus 1.0910 versus 1.0917 versus 1.0869 versus 1.0879 versus 1.0851 versus 1.0854 versus 1.0921 versus 1.0937 versus 1.0789 versus 1.0748 versus 1.0835 versus 1.0934 versus 1.0928 versus 1.0972 versus 1.0963 versus 1.0917 versus 1.0953 versus 1.0920 versus 1.0868
USD/JPY: 116.83 versus 116.76. Dollar sold off hard to the January low, showing a tight doji Friday. We will see if it bounces, but the dollar bombed versus the yen after those NIRP's in Japan.
Historical: 116.76 versus 117.88 versus 120.04 versus 121.014 versus 121.055 versus 118.27 versus 118.64 versus 118.48 versus 118.32 versus 118.78 versus 118.85 versus 116.99 versus 117.60 versus 117.02 versus 118.06 versus 117.72 versus 117.50 versus 117.73 versus 117.71 versus 117.24 versus 117.58 versus 118.25 versus 119.02 versus 119.397 versus 120.495 versus 120.45 versus 120.345 versus 120.295 versus 120.86 versus 121.01 versus 121.33 versus 122.30
Oil: 30.89, -0.80%. Still in the 4 week move up off the January low, but the downtrend is not broken.
Gold: 1157.70, +1.70. Doji after a blistering week higher on top of more than a month of rallying.
A Friday bomb lower has often meant a Monday recovery of some degree. Of course now the market is in a downtrend and that can dull bounce attempts, and at worst lead to more selling with no bounce.
That said, there is still money seeking other areas of the market as discussed earlier, the 'value' areas. Thus after such a selloff you are hearing talk of opportunity to step in and buy. Perfect. We believe that opportunity will lead to our opportunity for more downside plays. We will be watching for some of these stocks to rebound and give us a better entry point for the downside.
Indeed, we see several plays, despite the Friday selling, that are in position to pick up of the market continues lower. If it wants to bounce a bit, okay, they give us a better entry point. We can go either way. Not sure how that came out, but you get the meaning.
Upside? Yes there are some we see as possibilities in addition to the SWN, EQT we already have. WSM, CENT -- there are a few where money is still moving that can make us money. If they continue rallying, great. But, remain vigilant as the market is now in a downtrend, and if a stock becomes too conspicuous in its advance the sellers may start shooting at it.
Overall the market is now in a downtrend and we act accordingly. Play some upside in areas showing money flow as long as they work, playing shorter moves with options or stock as the case allows, bank some gain, repeat when we can. Play the downside as the predominant play with short term single moves as well as longer term options and non-option plays (e.g. SDS, QID) to play many rotations to the downside, thus using short term and long term plays to provide our best possible returns with as little headache as possible.
Have a great weekend!
SUPPORT AND RESISTANCE
NASDAQ: Closed at 4363.14
4471 is the January 2016 closing low
4485 are the twin July 2014 peaks
4517-4506 from the September 2015 and August 2015 closing lows
4615 from September 2014 highs, October 2014 upper gap point, late August 2015 low.
4635 is the February peak
4736 is the early January lower gap point downside, the last downside gap in the selloff.
4751 is the January 2015 lower high
The 50 day EMA at 4752
4774 is the January 2-15 high
4811 is the November 2014 peak (intraday)
4815 is the December 2014 peak
The March 2015 lows at 4843 and 4825
4902 is the July 2015 low
4916 is the mid-November 2015 low
4920 is the lower gap point from mid-October
The 200 day SMA at 4941
4894 is the September 2015 closing high
4999 is the October upper gap point
5008.57 is the early March 2015 post-bear market high
5042 is the March 2015 high
5100 from the April peak and early May peak
5162 is the early November peak, 5176 is the December intraday peak
5164 is the June 2015 peak, 5175 is the August intraday peak
5232 is the July high
4352 is the March 2014 peak
4313 is the January 2016 intraday low
4292 is the August 2015 low
4116 is the October 2014 low
S&P 500: Closed at 1880.05
1897 is the prior all-time high hit in April 2014
1902 from early May was the intraday all-time high.
1905 is the August 2014 low
1913 is the early September 2015 closing low testing the bounce from the August selling
1940 is the early January 2016 failed bounce peak
The 50 day EMA at 1969
1972 is the December 2014 low
1991 is the July 2014 high
1995 is the September 2015 recovery peak
2011 is the September prior all-time high
2020 is the September 2015 intraday high
2040 is the March 2015 closing low
The 200 day SMA at 2042
2046 is the July 2015 closing low
2062 is the January 2015 lower high
2079 is the intraday all-time high from November 2014
2094 is the December 2014 high, the prior all-time high
2104 is the December 2015 high
2116 is the November 2015 high
2119.59 is the February intraday prior all-time high
2126 was the April prior all-time high
2130 is the June 2015 peak
2135 is the May 2015 all-time high
1872 is the September 2015 test low of the August low
1867 is the August 2015 low
1862 is the October 2014 closing low
1859 is the January 2016 closing low
1820 is the October 2014 intraday low
1815 is the April 2014 low
1812 is the January 2016 intraday low
1772 are the Q4 2013 highs and lows
Dow: Closed at 16,204.97
16,368 is the August 2014 low
16,506 is the March 2014 peak
16,526 is the early January resistance
16,589 is the December 2013 former all-time high
16,632 is the April 2014 peak
16,665 is the late August 2015 closing high
16,670 is the December 2014 peak and the recent August 2015 relief bounce peak.
The 50 day EMA at 16,733
16,736 is a prior all-time high from May 2014
16,740 is the mid-September peak and potential apex for a right shoulder to a head and shoulders pattern
16,933 is the September 2015 recovery intraday peak
16,946 is the June 2014 peak
16,970 is the June 2014 former all-time high
17067 is the December 2014 low
17,068 is the early July 2014 peak
17,152 is the mid-July post bear market high
The 200 day SMA at 17,339
17,351 is the September 2014 all-time high.
June 2015 low at 17,715
17,748 is the mid-April China margin selloff and the bottom of the 5 month trading range
The March low at 17,786
17,978 is the November 2015 peak
16,117 is the October 2014 closing low
16,058 is the early September 2015 low
16,026 is the April 2014 low
15,855 is the October 2014 intraday low
15,766 is the January closing low
15,666 is the August 2015 closing low
15,450 is the January 2016 intraday low
15,372 is the February 2014 low
15,370 is the August 2015 low
February 5 - Friday
Nonfarm Payrolls, January (8:30): 151K actual versus 188K expected, 262K prior (revised from 292K)
Nonfarm Private Payr, January (8:30): 158K actual versus 183K expected, 251K prior (revised from 275K)
Unemployment Rate, January (8:30): 4.9% actual versus 5.0% expected, 5.0% prior
Hourly Earnings, January (8:30): 0.5% actual versus 0.3% expected, 0.0% prior
Average Workweek, January (8:30): 34.6 actual versus 34.5 expected, 34.5 prior
Trade Balance, December (8:30): -$43.4B actual versus -$43.5B expected, -$42.2B prior (revised from -$42.4B)
Consumer Credit, December (15:00): $21.3B actual versus $16.5B expected, $14.0B prior (revised from $13.9B)
February 9 - Tuesday
Wholesale Inventories, December (10:00): 0.0% expected, -0.3% prior
February 10 - Wednesday
MBA Mortgage Index, 02/06 (7:00): -2.6% prior
Crude Inventories, 02/06 (10:30): +7.79M prior
Treasury Budget, January (14:00): -$14.4B prior
February 11 - Thursday
Continuing Claims, 01/30 (8:30): 2255K prior
Initial Claims, 02/06 (8:30): 280K expected, 277K prior
Natural Gas Inventor, 02/06 (10:30): -152 bcf prior
February 12 - Friday
Export Prices ex-ag., January (8:30): -1.0% prior
Import Prices ex-oil, January (8:30): -0.4% prior
Retail Sales, January (8:30): +0.2% expected, -0.1% prior
Retail Sales ex-auto, January (8:30): 0.0% expected, -0.1% prior
Business Inventories, December (10:00): +0.1% expected, -0.2% prior
Mich Sentiment, February (10:00): 92.7 expected, 93.3 prior
By: Jon Johnson, Editor
Copyright 2015 | All Rights Reserved Jon Johnson is the Editor of The Daily at InvestmentHouse.com Technorati tags: stock trading stock market investing Jon Johnson InvestmentHouse.com