August 9, 2015 The Week Ahead

The S&P 500 ended Friday’s action down for the fourth time in the last five trading sessions. Even worse, the Dow Jones Industrials has suffered its seventh straight losing session.

In respect to risk, market participants will be watching the Shanghai Composite, along with earnings.
Thus far, earnings have not been good enough to push the market to new highs.

Despite the uncertainty, the VIX barely climbed, closing the week at 13.39. With that said, many market technicians believe that the market is having a hard time holding major support levels. However, we are in the dull days of summer, which could explain the low volatility readings.

Commodities have also been weak lately, in fact; crude oil futures have now dropped for six straight weeks.

Here’s what’s on the schedule:

Key Economic Data:
13 August 2015- Jobless Claims 8:30 AM ET, Retail Sales 8:30 AM ET
14 August 2015- PPI 8:30 AM ET, Industrial Production 9:15 AM ET

Key Earnings:
10 August 2015- SHAK, RAX, LYV, TTWO, SYY, ENDP, DNR
11 August 2015- VIPS, CREE, JDSU, FOSL, CYBR, FOSL, MYGN
12 August 2015- BABA, M, W, CSCO, NTES, NWSA
13 August 2015- COTY, FLO, KSS, AMAT, JWN KING, PRTY

Key Conferences:
10 August 2015 (runs till the 13th)- Jefferies Industrial Conference
10 August 2015 (runs till the 11th)- Pac Crest Tech Leadership Forum
11 August 2015- Jeffries Financial Services Conference
11 August 2015 (runs till the 12th)- Oppenheimer 18th Annual Tech, Internet and Communications Conference
11 August 2015 (runs till the 12th)- Cowen Communications Infrastructure Summit
11 August 2015 (runs till the 12th)- Credit Suisse Transportation Conferencence
11 August 2015 (runs till the 12th)- JPMorgan Auto Conference