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Trading Radar: Be Wary of a Market Top

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Stay one step ahead of the rest.

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The S&P 500 scored a new 52-week high this week but a lot of participants are getting wary of a top. On the news front, next week will be another light one. Traders will be watching for earnings reports from Walgreens (WAG), Adobe (ADBE), Best Buy (BBY) and Lululemon (LULU).



Monday, March 22

US Economic

No economic events scheduled.

Earnings

Before: CTFO, TIF, WAG, WSM

After: PVH, RUBO

Auction

11:30 3-Month Auction
11:30 6-Month Auction

Speeches

03:45 Dennis Lockhart

Events

KMB Investor Day
NZ Analyst Meeting
CHK, CXO, HERO, BBG at Howard Weil Energy Conference
MNDO at United Business Media VoiceCon Orlando Conference

Tuesday, March 23

US Economics

10:00 Existing Home Sales 5.00M cons.
10:00 FHFA Home Price Index -2.0% cons.

Global Economics

05:30 Great Britain CPI
07:50 Japan Merchandise Trade

Earnings

Before: CCL, KBH, SCS

After: ADBE, DRI, JBL, PRGS, SONC

Auction

01:00 2-Yr Note Auction

Speeches

03:00 Janet Yellen

Events

RMBS Analyst Day
CAH, CVS, MGLN, MD at Barclays Capital Global Healthcare Conference
CRNT, SNCR, MNDO, TTIL at CTIA International Wireless Conference
SWN, OXY, NE, PXD at Howard Weil Energy Conference
NLC, ERII at Janney Montgomery Scott Water Industry Summit
DIOD, TYL, QDEL, UNTD at Sidoti & Company Emerging Growth Institutional Investor Forum
ENOC at JPMorgan Smart Grid Symposium at DistribuTECH Conference & Expo

Wednesday, March 24


US Economics

08:30 Durable Orders 0.5% cons.
08:30 Durable Orders ex-Auto 0.3% cons.
10:00 New Home Sales 315k cons.
10:30 Crude Inventories

Global Economics

04:00 Germany ifo Survery
05:00 Italy Unemployment Rate

Earnings

Before: CMC, GIS, LEN, RBN

After: CKR, PAYX, RHT

Auctions

01:00 5-Yr Note Auction

Speeches

10:45 Tom Hoenig

Events

FTWR Investor Day
COP Analyst Meeting
Barclays Capital Global Healthcare Conference
BEZ, OLN, THMD, TREX at BB&T Capital Markets Commercial & Industrial Conference
HK, PDK, CLR at Howard Weil Energy Conference
PMTI at Oppenheimer & Co. Aesthetics 1-on-1 Conference
ICOP at RedChip Resources, LLC New York Equities Growth Conference
CGI, IVC, JCOM, WOOF at Sidoti & Company Emerging Growth Institutional Investor Forum

Thursday, March 25


US Economics

08:30 Initial Claims
08:30 Continuing Claims

Global Economics

02:45 France Consumer Manufactured Goods
05:30 Italy Retail Sales
05:30 Great Britain Retail Sales
07:30 Japan CPI
07:30 Japan CPI Core

Earnings

Before: ADES, BBY, CAG, CONN, FRED, LULU, MKC, UTIW

After: ACN, APP, FINL, ORCL, PBY, TIBX, WTSLA

Speeches

09:10 Sandra Pianalto

Auction

01:00 7-Yr Note Auction

Events

HXM at Citi 18th Annual Latin America Conference
SRE Analyst Meeting
POL at BB&T Capital Markets Commercial & Industrial Conference
LMNX Investor Day
ABD, BGS, DLM, URI at Barclays Capital High Yield Bond and Syndicated Loan Conference

Friday, March 26

US Economics

08:30 GDP- Third Estimate
08:30 GDP Deflator- Third Estimate
09:55 Michigan Sentiment-Final

Global Economics

06:00 EMU: Money Supply

Earnings

Before: PERY

After:

Speeches

11:30 Kevin Warsh

Events

CHK, ITRI, SSD, VCI at Barclays Capital High Yield Bond and Syndicated Loan Conference
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No positions in stocks mentioned.

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