Market Looking Good - Next Weeks Data

This week was once again filled with some excitement. We got quite a big of good news from various companies reporting earnings, and the FED also gave us signs that the economy has bottomed, and the second half of the year should show some significant improvements. Next week, we get the normal weekly data mainly. Look at the ADP unemployment numbers for signs that the job market may start to be bottoming, and on the 8th, the wholesale inventory number should give us some insight into how fast supplies are flowing out to companies. Below is the complete list of economic data being released next Week.

- May 4 10:00 AM Construction Spending
- May 4 10:00 AM Pending Home Sales
- May 5 10:00 AM ISM Services
- May 6 8:15 AM ADP Employment Change
- May 6 10:30 AM Crude Inventories
- May 7 8:30 AM Initial Claims
- May 7 8:30 AM Productivity-Prel
- May 7 8:30 AM Unit Labor Costs
- May 7 3:00 PM Consumer Credit
- May 8 8:30 AM Average Workweek
- May 8 8:30 AM Hourly Earnings
- May 8 8:30 AM Nonfarm Payrolls
- May 8 8:30 AM Unemployment Rate
- May 8 10:00 AM Wholesale Inventories

In conclusion for this week. I like what I'm seeing market wise. I think we could easily see the dow at 900 by July or August if things continue the way they have been going. With the extra money in peoples paychecks starting April 1st, the 2nd Quarter earnings released in July could be quite nice for many corporations.