November 22, 2015 The Week Ahead
The SPDR S&P 500 (SPY) nearly regained all of last week’s losses, closing the week 3.3% higher. We are once again near our highs. Will we break through or sell off again? That is the question. However, we’ve got a shortened week, as the markets are closed on Thursday for the Thanksgiving holiday.
With that said, we’ve got a decent amount of economic data the first three days of the week. But expect volumes to be low as traders prepare to be on holiday.
The VIX sold back down, closing at 15.47.
The United States Oil Fund (USO) did not bounce, closing the week lower and just 4.5% off the 52-week lows.
Here’s what is on tap this coming week:
Key Economic Data:
23 November 2015- Existing Home Sales 10:00 AM ET
24 November 2015- GDP 8:30 AM ET, International Trade 8:30 AM ET
25 November 2015- Durable Goods 8:30 AM ET, Jobless Claims 8:30 AM ET, Personal Income 8:30 AM ET, New Home Sales 10:00 AM ET
Key Earnings:
23 November 2015- BRCD, PANW, YY, GME, MNK, TSN
24 November 2015- HPQ/HPE, TIVO, VNET, DSW, TIF, SIG, CBRL
25 November 2015- DE
27 November 2015- BLOX