This Day On The Street
Continue to site
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

Coming Week: Danger Ahead

To Vinny Catalano, chief investment strategist at Blue Marble Research, Wall Street is in the midst of a bear-market rally.

"If you look at the price action, it looks like your classic 'two steps forward, one step back' that usually leads to another drop," he says. "I'd expect more drifting around with an upward bias for the rest of August," but "as we get into September and October, things get dicier."

While he believes the problems with the financials are far from over, others are watching small-caps and mid-caps, which have been leading the market of late but may be showing signs of tiring.

Catalano points out that "recently, mid-cap growth has begun to falter," perhaps a signal that the sector is losing steam.

But Ryan Detrick, senior technical strategist at Schaeffer's Investment Research, notes that "the uptrend that started in July looks to be still in place, even though we're in the summer doldrums," largely because "small-cap and technology had a huge week [last] week, on top of big gains" in the prior week.

The major averages were mixed, and ultimately little changed, last week.

The main economic news for the coming week will be Tuesday, with the producer price index from the Department of Labor offering another read on inflation. However, even though the consumer price index came in surprisingly high last week and the PPI may do the same, the markets may worry less than usual because the prices of oil and other commodities have come down so much of late. Crude alone is down under $115, well off its recent high of more than $140.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
HD $111.71 0.35%
GS $204.64 -1.60%
HPQ $30.50 -0.25%
MDT $72.76 -1.00%
LOW $66.13 -0.18%

Markets

DOW 17,564.60 -118.98 -0.67%
S&P 500 2,056.86 -11.90 -0.58%
NASDAQ 4,933.1340 -58.8060 -1.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs