Economic: NA.
Earnings: Casey's General (CASY) in the AM expected to bring in earnings of $0.81 per share compared to year ago $0.87. Technically, shares sit in a near five-month long cup-shaped base at all-time-highs after forging a handle breakout last week.
After Hours: Navistar (NAV), Pep Boys (PBY) and Phillips-Van Heusen (PVH).
Other Notables: Strong M&A activity of late sets stage for corporate headline support entering the week. Bulls will be looking for additional follow-through in price and sentiment of past several sessions and even further removed from recent double dip / recovery anxieties during rather light week for scheduled market moving catalysts.
Stubbornly bearish technicals in black gold (USO) and support positioning in iShares 20-Yr (TLT) for swing higher following fairly stiff three-day sell-off are likely canary tickers of interest for bulls.
Wednesday:
Economic: Weekly Crude data, Fed's Beige Book, Consumer Credit (-$5.25B).
Earnings: Ciena (CIEN), Hi-Tech Pharma (HITK), Smithfield (SFD), Talbots (TLB), Utd Nat Foods (UNFI).
After Hours: Men's Wearhouse (MW), Shanda Games (GAME) and Shuffle Master (SHFL).
Thursday:
Economic: Weekly Claims (470K, 4.44M), Trade Balance (-$47.2B).
Earnings: Korn/Ferry (KFY), Piedmont (PNY) and Stewart Enterprises (STEI).
After Hours: National Semi (NSM) expected to show profits of $0.35 compared to year ago's $0.13 per share. Technically, NSM is highly-correlated with Semi HLDRs (SMH). NSM and SMH sport intact downtrend with 50 and 200SMA resistance following successful test of weekly supports.
Friday:
Economic: Wholesale Inventories (0.4%).
Earnings: Brady (BRC) and specialty athletic apparel brand Lululemon (LULU). Lululemon forecasted to grow profits from $0.13 per share to $0.24. Technically, LULU broke lateral supports into bear territory below the 200SMA over past two weeks. Currently, shares have rallied into testing position of potential resistance.
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