The Week Ahead: Financial regulatory reform is seen contributing to market volatility as the final bill is hoped to be completed by July 4 and includes an overhaul on derivatives. Triple digit moves for the DOW could become the norm as evidenced again on Friday’s reversal up day. Watch Existing Home sales numbers on Monday and the Consumer Confidence report on Tuesday. Durable Goods Orders and New Home Sales figures are released Wednesday. The GDP report on Thursday will be closely watched while Friday ends the week with Personal Income & Outlays and a consumer sentiment report.
Stocks to Watch: The Cme Group (CME) and Intercontinental Exchange (ICE) are two entities that are seen as probable winners benefiting from the Financial Reform package regarding derivatives if differences between the House and Senate get worked out by July. Technology stocks like Dell Computer (DELL) fell nearly 7%, but Marvell Technology (MRVL) rose over 8% on a big quarterly jump in revenues. Ann Taylor Stores (ANN), having tripled in the past year, showed margin growth last quarter with less discounting.
Special Note: Foreign equity indexes have been leading the charge to the downside versus the perceived lower risk U.S. markets. With key levels beginning to breakdown on the major indexes such as the 200 day moving average the ” flash crash” low made earlier this month, and the 10,365 area on the DOW mentioned here last week investors may want to adopt a more defensive posture near term until the volatility calms down. This may mean selling into rallies or buying puts against long positions for protection.
Check out NobleTrading’s new earnings calendar, upgrades and downgrades, and analyst coverages.
Click Here To Open An Account
NobleTrading Direct Access Trading
Note: We have changed our feed from http://www.nobletrading.com/blogs/atom.xml and http://www.nobletrading.com/blogs/rss.xml to http://blog.nobletrading.com/feeds/posts/default. Please update your feed-reader settings, if you are using one.
NobleTrading.com Offers Online Stock Trading, Online Options Trading,
Online Futures Trading, Online Forex Trading
Worldwide Brokerage Service, Day Trading Brokerage
