TheOptionMentor.com: THIS WEEK'S MARKET MOVERS

Sunday, January 8, 2012

THIS WEEK'S MARKET MOVERS

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Monday:
Economic: Ongoing wild card credit market drivers with sovereign debt yields and pressured EUR/USD on the radar for traders. Consumer Credit ($7.0B).

Earnings: Acuity (AYI), Schnitzer Steel (SCHN).

After Hours: Aluminum giant and Dow constituent Alcoa (AA) unofficially kicks off the fourth quarter earnings season. Analysts expect profits of $0.01 per share compared to the year ago period's $0.21 per share.

Technically, shares of AA look to have discounted or priced in a weak report with the stock down 50% from its April highs and trading just off its 52-week lows in a confirmed double bottom pattern and EW4 EBOT signal this week on the weekly time frame.

Tuesday:
Economic: Wholesale Inventories (0.5%).

Earnings: Synnex (SNX).

Wednesday:
Economic: Weekly Mortgage Index, Weekly Crude, Fed's Beige Book.

Earnings: Lennar (LEN), Supervalu (SVU).

After Hours: NA.

Thursday:
Economic: Weekly Claims (375K), Retail Sales (0.4% and ex-auto 0.4%), Biz Inventories (0.5%), Treasury Budget.

Earnings: Infosys (INFY), Shaw Comms (SJR).

After Hours: NA.

Friday:
Economic: Trade Balance (-$44.3B), Import / Export, Michigan Sentiment (71.0).

Earnings: JPMorgan Chase (JPM).

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Market Structure/Entry Points/ Weekly Chart/ Daily Chart/ 30m Chart/ 10m Chart

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