October 15, 2017 The Week Ahead

Nearly all major indices closed the week higher, with the exception of the Russell 2000 which cooled off slightly. In addition, crude oil continued its strong performance gaining nearly 5% for the week.

All eyes will be on earnings this week as there are several key names reporting, including: Netflix, Goldman Sachs, Johnson & Johnson, eBay, IBM, and Procter and Gamble.

The “fear index” closed at 9.61 on Friday, level that has found some support of late.

Source: TradingView

Here are how some of the most traded ETFs performed over the week: SPDR S&P 500 ETF (SPY) +0.23%, iShares Russell 2000 (IWM) -0.45%, SPDR Dow Jones Industrials Average ETF (DIA) +0.52%, and PowerShares QQQ ETF (QQQ) +0.46%

Here is how some futures/commodity related ETF’s performed over the week: United States Oil Fund (USO) +4.01%, iShares 20+ Year Treasury Bond (TLT) +1.83%, SPDR Gold Shares (GLD) +2.25%.

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

Economic Releases:
17 Oct 2017- Industrial Production 9:15 AM ET
18 Oct 2017- Housing Starts 8:30 AM ET; EIA Petroleum Status Report 10:30 AM ET
19 Oct 2017- Philly Fed Survey 8:30 AM ET; Jobless Claims 8:30 AM ET
20 Oct 2017- Existing Home Sales 10:00 AM ET

Key Earnings:
16 Oct 2017- SCHW, CSX, KMG, NFLX, RIO, SONC
17 Oct 2017- GS, CMA, HOG, JNJ, MS, PGR, TTS, UNH, BHP, CREE, IBM, IBKR, NAVI, SCSS
18 Oct 2017- ABT, ASML, NTRS, USB, UNF, AA, AXP, CCI, CCK, EBAY, STLD, UAL, URI
19 Oct 2017- S, BX, DHR, DOV, GPC, NUE, PM, RCI, SAP, TRV, UN, VZ, ATHN, EFTC, ISRG, LHO, NCR, PFPT, PYPL,
20 Oct 2017- CFG, CLF, DST, GE, HON, KSU, MAN, PG, SLB, STI, SYF

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