August 27, 2018 The Week Ahead
Another week passes but the story remains the same. The U.S. stock market continues to surge to new highs. However, the media often ignores this fact, and instead, focus on the flaws of the President and his regime. Despite all the negative press the President of the United States has been receiving, the market for the most part has ignored all that.
Stocks in play during the week included: ADSK +18.78%, AMD +21.29%, EDU -9.78%, LB -15.15%, and EXAS +44.37%
Here are how some of the most widely traded index ETFs performed over the week:
Powershares QQQ ETF (QQQ) +1.46%, SPDR S&P 500 ETF (SPY) +0.86%, SPDR Dow Jones Industrial Average ETF (DIA) +0.52%, iShares Russell 2000 ETF (IWM) +1.92%
The VIX closed at 12.41 on Friday.
Here are how some futures and commodity ETFs performed over the week: United States Oil Fund (USO) +5.41%, iShares 20+ Year Treasury Bond (TLT) +1.08%, SPDR Gold Shares (GLD) +1.81%.
Economic Releases:
28 Aug 2018- International Trade in Goods 8:30 AM ET
29 Aug 2018- GDP 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET
30 Aug 2018- Jobless Claims 8:30 AM ET; Personal Income and Outlays 8:30 AM ET
Key Earnings:
28 Aug 2018- BBY, BJ, DSW, HAIN, TIF, BOX, HPE, HRB, SCVL
30 Aug 2018- ANF, BURL, CIEN, CPB, DG, DLTR, MIK, TD, LULU, ULTA
31 Aug 2018- LOW, TGT, ADI, SMRT
Be sure to check out our Active Trading Masters Program | Online Courses