February 16, 2015 The Week Ahead

The S&P 500 continued its climb higher, closing at 2096.99, up over 40 points last week. However, the futures market looks weak today, as a resolution regarding the Greek financial situation was not reached. There were hopes last week that the Euro zone finance minister meeting, held today, would get the two parties closer to an agreement. As of now, it appears that is far from happening. Meetings will continue over the next couple days.

The VIX closed at 14.69 on Friday, down over 4%. Will it continue to move south or will it move back into the high teens if uncertainty in Europe looms.

The crude oil market continues to remain volatile, last week we saw five intraday moves of +/- 2% or greater. WTI Crude oil finished the week above $52 per barrel.

We had 242 stocks that had 52 week price highs and 16 stocks that had 52 week price lows on Friday.

Notable earnings this week include: CF, DVN, FOSL, GPC, GT, MGM, WM, ACT, ETP, ETE, EOG, GRMN, SUNE, SUN, VA, YNDX, BRKR, ED, CROX, DAN, DNR, FTR, INTU, LINE, LNCO, MRVL, NBL, JWN, PCLN, TMUS, TRUE, VNDA, WMT, COG, DE, FNMA, IRM

On the economic front, traders will be looking at these reports:

• Wednesday, February 18, 2015: Housing Starts, PPI, Industrial Production, FOMC Minutes
• Thursday, February 19, 2015: Jobless Claims, Philadelphia Fed Survey