TheOptionMentor.com: THIS WEEK'S MARKET MOVERS

Monday, June 27, 2011

THIS WEEK'S MARKET MOVERS

chart

Courtesy of ChartsEdge

Monday:
Economic: Income & Spending (0.3% & 0.1%), PCE Core (0.2%).

Earnings: Sportswear and goods goliath Nike (NKE) reports before the bell. Analysts expect profits of $1.16 per share compared to the year ago take of $1.06 per share.

Technically, shares have put together a triple descending top during 2011 after a weekly uptrend of 1.75 years. Currently, shares have improved the playing pitch for bears by carving out a bearish flag following a 50/200SMA Death Cross.

Tuesday:
Economic: Case Shiller (-3.9%), Consumer Confidence (60.3).

Earnings: Progress Software (PRGS), Sealy (ZZ), Shaw (SHAW), Synnex (SNX).

After Hours:

Wednesday:
Economic: Mortgage Apps, Weekly Inventories, Pending Home Sales (2.0%).

Earnings: Acuity (AYI), Family Dollar (FDO), General Mills (GIS), KB Home (KBH), Lindsay (LNN), Monsanto (MON).

Thursday:
Economic: Weekly Claims (420K vs. 429K), Chicago PMI (53.5).

Earnings: Constellation Brands (STZ), McCormick (MKC), Schnitzer (SCHN), Worthington (WOR).

After Hours: Apollo (APOL), Darden (DRI), Smith & Wesson (SWHC), Xyratex (XRTX).

Friday:
Economic: Michigan (71.8), ISM (51.1), Construction (-0.5%).

Earnings: NA.
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