FXstreet

The stock market started the week under a cloud based on increased global tensions and holidays in the US and overseas. Heading into the last trading day before the Easter holiday stocks looked week technically but there were many signs based on my analysis that meant the risk was too high for new short positions.



The calendar is full this week with the Chicago National Activity Index and Dallas Fed Manufacturing Survey on Monday. Then on Tuesday we have the S&P Corelogic Case-Shiller HPI, New Home Sales, Consumer Confidence and the Richmond Fed Manufacturing Index.

On Thursday we get the Durable Goods orders and Pending Home Sales Index followed on Friday by the GDP, Employment Cost Index, Chicago PMI and Consumer Sentiment.

more...