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It’s a bit of a slow week.  There are no major earnings reports on the calendar.  Besides GDP on Tuesday and durable goods on Thursday there is actually very little on the economic calendar.  The week will also be slow as traders go away for the holidays.  Markets are closed on Friday.  Historically, these are very good weeks for markets.

Monday – No major market moving news.  Upgrades and merger news will likely set the tone for trading.  Monday’s have been unusually bullish days over the course of the last few months.

Tuesday –

ICSC-Goldman Store Sales 7:45 AM ET
GDP 8:30 AM ET
Redbook 8:55 AM ET
Existing Home Sales 10:00 AM ET

Wednesday –

Personal Income and Outlays 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 –

Durable Goods Orders 8:30 AM ET
Jobless Claims 8:30 AM ET
EIA Natural Gas Report 10:00 AM ET

Friday – Holiday.  Markets are closed.

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