This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Coming Week: End the Quarter ... Please

Also, a number of technical factors are looking strong. For example, the momentum of the market isn't confirming the price declines, and the market is sending out "oversold" signals.

Catalano says that "when you have small-cap and mid-cap outperforming large," as is the case right now, "you generally don't get market crashes or significant declines during that period of time."

In addition, he points out that Dow Theory argues against a crash because "industrials have made a new low, but transports aren't anywhere near a new low." Dow Theory says that a significant trend isn't confirmed until both those Dow Jones indices reach the new highs or lows.

Just a few major data points are coming out next week. Auto and truck sales will be reported on Tuesday by the Department of Commerce, and for companies such as General Motors (GM) and Ford (F), which are struggling to retool their operations as their stock prices sink, these numbers could be key.

Collins of Fountain Hill says, "I wouldn't expect any positive sales data from the auto makers. General Motors is hitting lows not seen since the '57 Chevy was cruising around."

The ADP (ADP) employment index will come out on Wednesday. Then, on Thursday morning, the Department of Labor will release its monthly report on the unemployment rate, payrolls and earnings.

The jobless rate, which has risen in recent months, is of special concern because of the already weak housing market. Foreclosures are already prevalent, and that usually isn't the case until after the labor market weakens, because people lose their houses after they lose their jobs.

In addition, the consumer is responsible for about 70% of the U.S. economy, so if consumers begin to struggle due to job losses, the economy could take a major hit.

The earnings calendar is light, with H&R Block (HRB) reporting on Monday, discount chain Family Dollar (FDO) and casino company Isle of Capri (ISLE) reporting Wednesday and Mesa Air (MESA) on Thursday.

RealMoney Barometer Poll
1 What would best describe your stance heading into the coming week of trading?
Bullish
Bearish
Neutral
2 Which of these sectors do you think is set to move up in the coming week?
3 Which of these sectors do you think is set to move down in the coming week?


View the results without voting

3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,828.24 +0.49 0.00%
S&P 500 2,067.56 -5.27 -0.25%
NASDAQ 4,791.63 +4.3130 0.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs