March 22, 2015 The Week Ahead

The S&P 500 closed the week strong, at 2,108, up over 50 points. For a couple of moments on Friday the VIX was no longer a teenager; however, it closed at 13.02. Crude Oil futures closed the week at 5-day high, it’s first weekly gain in over a month.

As of now, the market looks very strong, let’s take a look at what’s on schedule this week.

Economic Data:

23 March 2015- Existing Home Sales 10 AM ET
24 March 2015- Consumer Price Index 8:30 AM ET, New Home Sales 10 AM ET
25 March 2015- Durable Goods 8:30 AM ET
26 March 2015- Jobless Claims 8:30 AM ET
27 March 2015- GDP 8:30 AM ET

Conferences:

23 March 2015- Barclays Metals & Materials Conference, Howard Weil Energy Conference
24 March 2015- Morgan Stanley European Financials Conference, Telsey Advisory Consumer Conference
25 March 2015- Facebook Developer Conference

Key Earnings:

23 March 2015- DGLY
25 March 2015- APOL, FRAN, FIVE, PSUN, PVH
26 March 2015- ACN, CMC, LULU, GME
27 March 2015- BBRY, FINL

In respect to economic data, we seem to have enough (potentially) market moving events. Currently, the market is in an uptrend; however, any surprises from the data could shake things up again. Traders will be watching the energy sector, as some of the names have gotten extremely beaten up over the last several months. In addition, they’ll be watching the red-hot biotechnology and pharmaceutical sector and see if it’s strength continues. Keep an eye out on any possible sector rotation into energies this week.

We’ll be back on Tuesday for the market wrap up, see you then.