THIS WEEK'S MARKET MOVERS

• Monday: Dallas Fed Manufacturing Survey data and weekend retail sales reports will be at the forefront of investors' minds.

• Tuesday: Durable goods orders, S&P Case-Shiller Index, and Consumer Confidence reports are on tap. As deadlines loom, European politics related to Spain and Greece will also drive market direction.

• Wednesday: New homes sales data should help confirm the housing turnaround.

• Thursday: GDP data, jobless claims, and pending home sales will be reported.

• Friday: Personal income and spending will be released

THIS WEEK'S MARKET MOVERS

• Monday: Oil prices may gyrate as tensions between Israel and Hamas continue to rise. The existing home sales report at 10:00 a.m. EST will be the key economic report of the day.

• Tuesday: Housing starts data is released.

• Wednesday: This will be the week's busiest reporting day and is also likely to be a light volume day. Jobless claims, consumer sentiment, leading indicators, and EIA petroleum reports are all on tap.  

• Thursday: Happy Thanksgiving

• Friday: Expect light trading volume on this half-day. Should there be a rally, investors might be able to take advantage of some option pricing discrepancies today.

THIS WEEK'S MARKET MOVERS

• Monday: It's Veterans' Day; banks and bond markets are closed, while stock exchanges are open. DR Horton (NYSE:DHI) reports earnings.

• Tuesday: No meaningful economic data will be released. Expect international news to dominate and drive market direction.

• Wednesday: Producer Price Index and Retail Sales reports will be released in the morning, but market participants will likely wait until the 2:10 p.m. release of the FOMC minutes to determine market direction.

• Thursday: Consumer Price Index, Jobless Claims, and The Philly Fed Index are all on tap. Economic data has been improving in the last few months; investors could start paying attention and let the recent market rally resume.

• Friday: Industrial Production figures will be released. Based on current trend, expect this report to surprise on the upside and give markets a boost.

THIS WEEK'S MARKET MOVERS

• Monday ISM non-manufacturing report follows stronger-than-expected manufacturing data and construction spending figures from Thursday. I expect a slight increase month-over-month, confirming modest economic improvements.

• Tuesday is Election Day, and it's too close to call. Moreover, I do not believe that markets will gain meaningful clarity regarding changes in policy from the election. There are several critical economic reports and policy decisions being made this week in China and Europe, however I believe markets will remain focused on the US elections.

• Wednesday trading will be driven by the election results and earnings reports. Among widely owned stocks set to report are Kraft Foods (NASDAQ:KRFT), Macy's (NYSE:M), Devon Energy (NYSE:DVN), Sunoco Logistics (NYSE:SXL), and Molson Coors (NYSE:TAP). So far, about 70% of the companies within the S&P 500 (INDEXSP:.INX) have reported, and of these, only 39% have beaten revenue expectations while 63% have beaten earnings estimates. Revenues have grown 3.6% y/y on average, whole EPS has grown 15.5% y/y on average.

• Thursday's jobless claims numbers will be the only meaningful economic figures reported that day.

• Friday's trading is likely to be driven by consumer sentiment figures as well as the end of the third quarter earnings season.