January 21, 2018 The Week Ahead

The markets continue to stay hot, as the Dow is now up 5.3, S&P 500 4.9%, and the Nasdaq up 6.2% after the first three weeks of trading this year.

Some concerns going into the week include the government shutting down.

The VIX closed higher for the second consecutive week, climbing to 11.30 on Friday, a rise of more than 10% from the previous week.

Source: TradingView

Traders will also be paying close attention to earnings, we’ve seen some negative reactions to American Express and IBM already this earnings season.

Names to look out for include: Netflix, Johnson & Johnson, General Electric, Ford, Intel, and Celgene.

Here is how some of the most popularly traded index ETFs performed over the week: SPDR S&P 500 ETF (SPY) +1.55%, iShares Russell 2000 (IWM) +0.70%, SPDR Dow Jones Industrials Average ETF (DIA) +1.93%, and PowerShares QQQ ETF (QQQ) +1.87%

Here is how some futures and commodity ETF’s performed over the week: United States Oil Fund (USO) +0.16%, iShares 20+ Year Treasury Bond (TLT) -1.01%, SPDR Gold Shares (GLD) +0.78%

Below you’ll find what is else is on the schedule for the week:

Economic Releases:
24 Jan 2018- PMI 9:45 AM ET; Existing Home Sales 10:00 AM; EIA Petroleum Status Report 10:30 AM ET
25 Jan 2018- International Trade In Goods 8:30 AM ET; Jobless Claims 8:30 AM ET; New Home Sales 10:00 AM ET
26 Jan 2018- Durable Goods Orders 8:30 AM ET; GDP 8:30 AM ET

Key Earnings:
22 Jan 2018- HAL, UBS, NFLX, STLD, ZION
23 Jan 2018- CREE, AMTD, JNJ, KMB, PG, STT, TRV, UAL, VZ, NAVI, TXN
24 Jan 2018- CMCSA, GE, NSC, NTRS, ROK, SWK, UTX, DFS, LRCX,
25 Jan 2018- CAT, FCX, LUV, MMM, NOC, CELG, PX, SHW, UNP, RTN, ETFC, FLEX, INTC, ISRG, SBUX, WDC
26 Jan 2018- APD, CL, COL, GNTX, HON, HRC, LEA

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