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Busy week on tap despite the holiday shortened trading week.   The light trading tends to give these holiday weeks a bull bias as sellers generally square away their concerns in advance of the holiday.  Since 1930 the week before Thanksgiving has had a bull bias of 0.6%.   Nonetheless, this week could prove more important than many previous Thanksgiving weeks as the market fights to get back over the 1,100 level and the bears appear to have gained some traction.  Let’s see what’s on tap:

Monday –Hewlett Packard and Analog Devices report earnings after the bell.  Existing home sales will be the market moving data of the day.

Existing Home Sales 10:00 AM ET

Tuesday –No major earnings reports, but the economic data will be front and center:

ICSC-Goldman Store Sales 7:45 AM ET

GDP 8:30 AM ET

Redbook8:55 AM ETS&P Case-Shiller HPI 9:00 AM ET

Consumer Confidence 10:00 AM ET

State Street Investor Confidence Index 10:00 AM ET

Wednesday –Deere and Tiffanys report earnings before the bell.  Both should be market moving.  In addition, economic news should be market moving:

Durable Goods Orders 8:30 AM ET

Personal Income and Outlays 8:30 AM ET

Jobless Claims 8:30 AM ET

Consumer Sentiment 9:55 AM ET

New Home Sales 10:00 AM ET

EIA Petroleum Status Report 10:30 AM ET

Thursday –

US Holiday:  Thanksgiving Day – MARKETS ARE CLOSED

Friday –

No Market moving economic news.

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