July 2, 2018 The Week Ahead

July 2, 2018 tvcuser Education, Trading DIA, ESV, GLD, IWM, msg, NKE, QQQ, SPY, TLT, USO, WTI, WWE

U.S. stocks closed Friday on a positive note. However, declined during the week. The focus still remains on trade moving forward. An ex-factor could be oil, as oil prices have surged over the last two weeks, WTI crude is at its highest level since November 2014.

Stocks in play included: ESV +14.3%; MSG +11.3; NKE +8.51; WWE +8.46%

Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) -2.09%, SPDR S&P 500 ETF (SPY) -1.26%, SPDR Dow Jones Industrial Average ETF (DIA) -1.20%, iShares Russell 2000 ETF (IWM) -2.41%

The VIX climbed higher, finishing it at 16.09 on Friday.

graph

Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) +7.40%, iShares 20+ Year Treasury Bond (TLT) +0.99%, SPDR Gold Shares (GLD) -1.40%

Expect low volumes for the first week of July. There isn’t much on the earnings table and there is a half day on the 3rd, with the markets being closed on the 4th.

Economic Releases:
2 July 2018- ISM Mfg Index 10:00 AM ET

5 July 2018- Jobless Claims 8:30 AM ET; EIA Petroleum Status Report 11:00 AM ET; FOMC Minutes 2:00 PM

6 July 2018- Employment Situation 8:30 AM ET; International Trade 8:30 AM ET

Key Earnings:
2 July 2018- SWK

3 July 2018- AYI

5 July 2018- PSMT

Be sure to check out our Active Trading Masters Program | Online Courses