I didn't post much last week, as my market time was sidetracked in several different directions. Anyway, the bears started strong last week, but by Tuesday, the bulls had regained control and have now pushed us higher. Last week was expiration week, so we'll probably see a bit of a post-expiration hangover again on Monday. Also, the last day of August is next Monday, so I would expect the bulls to be able to hold us up through this week and into next week (which will experience holiday trading, which also tends to have a bullish bias). I would not expect the bears to get much going on the downside for the next couple weeks.
Earnings are pretty slow this week, as we're well past the peak of the season. However, there is still a lot of retail coming up.
I will defer to Michael McDonough's blog for a better description and overview of those than I could give. It is located at http://fiateconomics.com/
Earnings will continue to pour in this week, too. I use www.earnings.com as my source for earnings reports. These are very important to follow because they have a way of scrambling up the charts. I don't like being in stocks before they report earnings unless I am somehow hedged, be it through reducing my position size or some options action or whatever. I've come to view earnings as a very binary event, a coin flip, if you will. Loading up heavily one way betting on the outcome of a report AND the market's reaction is a very risky endeavour.
The same listing convention still applied. If it reports after the close Tuesday or before the open Wednesday or is shown as Wednesday with no given time, it is listed here as Tuesday. I've also listed the previous Friday's here, too.
Friday: none
Monday: BIG, BGP, BKC, CHS, CMRG, COCO, MDT, SAFM, SBA, SPLS, TUES,
Tuesday: BCSI, DY, ACH, BWS, CM, CEO, CCUR, DLTR, DSW, ISLE, KIRK, WSM,
Wednesday: CWTR, GES, HEI, JAS, SIGM, TIVO, AEO, APWR, CSUN, CHA, DLIA, FRED, GCO, GRB, JCG, RY, SZE, TOL, TD, VIP,
Thursday: ARUN, BEBE, LAVA, MRVL, OVTI, SLH, BNS, TIF,
Friday: CMM, TTWO,
Position: none
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