Stock market is expected to open flat higher tomorrow. Its going to very light volume day. This market can only be spooked by the rating agency on possible US downgrade or very good economic report, other then that earning season is over and it didn't cause any damage. This market is heavily shorted so no news is good news and most likely market will go higher atleast till Thanksgiving is over.
I'll be watching HPQ, BLOX, TLYS, TIVO.
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 2:45 | EUR | French INSEE Consumer Confidence | low | 85 | 85 | |||||
| 4:00 | EUR | German GFK Consumer Sentiment | med | 7.1 | 7 | |||||
| 6:00 | EUR | EU to issue proposal on trade secrets protection | low | |||||||
| 8:30 | USD | Initial Claims | med | 330 | 323 | |||||
| 8:30 | USD | Durables ex defence | high | 3.2 | ||||||
| 8:30 | USD | Durables ex transport | high | 0.5 | -0.2 | |||||
| 8:30 | USD | Durable goods orders | med | -2 | 3.8 | |||||
| 9:00 | EUR | ECB's Constancio holds news conference to discuss the central banks semi-annual financial stability risks | low | |||||||
| 9:45 | USD | Chicago PMI | med | 60 | 65.9 | |||||
| 9:55 | USD | Univ of Mich Sent. (final) | med | 73.1 | 72 | |||||
| 10:00 | USD | Leading Indicator | low | 0.7 | ||||||
| 13:00 | EUR | ECB's Asmussen speaks at employer-organisation event | low | |||||||
| 19:00 | EUR | Vilnius Eastern Partnership Summit (to 29th) | low | |||||||
| 19:00 | USD | Market Holiday - Thanksgiving | low | |||||||
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