It’s another holiday shortened week as the markets will be closed Friday for New Years Day. The economic news is actually somewhat heavy for a shortened week, but earnings are non-existent. This could be another very low volume insignificant week, but could be another week where we see the market move higher as news is light and sellers are clearly checked out for the year. This time of year is all about prepping for 2010 and investors are very optimistic about the continued rally.
Monday – No significant news.
ICSC-Goldman Store Sales 7:45 AM ET
Redbook 8:55 AM ET
S&P Case-Shiller HPI 9:00 AM ET
Consumer Confidence 10:00 AM ET
State Street Investor Confidence Index 10:00 AM ET
Chicago PMI 9:45 AM ET
EIA Petroleum Status Report 10:30 AM ET
Jobless Claims 8:30 AM ET
EIA Natural Gas Report 10:30 AM ET
Friday – New Years Day. Market’s in the U.S. are closed.