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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Coming Week: Searching for Clarity

If you're feeling battered by this market, you aren't alone -- and the next few trading sessions aren't likely to make you feel much better.

"We get these momentary signs that the bulls jump all over and think perhaps the worst is behind us, but this positive feeling doesn't seem to have a shelf life of more than 48 hours, when we revert back to the negative bias," says Ted Weisberg, floor trader at Seaport Securities.

"When it gets this hard, usually the best thing to do is just push yourself away from the table and wait," he continues. "The risk is that by doing that, you'll miss something. But the risk of being proactive is greater if something were to change dramatically."

Despite many individual-session moves that exceeded 1%, or even 2%, the major averages finished last week little changed. Over the five sessions, the Dow fell 0.4% to 11,326.32, the S&P 500 gained 0.2% to 1260.31, and the Nasdaq Composite Index crept 0.43 point higher to 2310.96.

"Depending on where you live and what businesses you're in, the economy looks OK or it looks like the sky is falling," Michael Cuggino, president and portfolio manager at Permanent Portfolio Family of Funds, says. "It's confusing even to money managers, which is why you see such big moves."

The real action this next week, unless the Federal Reserve does something really unexpected in its meeting on Tuesday, is going to still be on the corporate side, as the crush of earnings continues.

According to a Brown Brothers Harriman report, the S&P 500 companies overall are expected to see profits decline by about 24%, year over year, for the second quarter. Excluding financials, that rises to a positive 6%.

1 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!
DOW 16,985.61 +78.99 0.47%
S&P 500 1,972.83 +9.12 0.46%
NASDAQ 4,419.0340 +27.5710 0.63%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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