Another Great Week on WallStreet

This has been yet another great week for investors on Wallstreet. The markets are all up, we are past the 8,500 mark, and economic data continues to be relatively positive. We are a far cry away from the lows of 6400 we hit back in Early March. In Fact if you invested in the Dow Back then, you would already be up over 25%. As long as the economic data doesn't point to a recession lasting into 2010, I think we could see continued gains in the mid term. There will be pull backs as will all rallies, but the overall trend should remain up. Next week is another week filled with some key economic data. Below is a list of some of the more important information coming out that may help direct the markets in the second week of May:

- May 12 8:30 AM Trade Balance
- May 12 2:00 PM Treasury Budget
- May 13 8:30 AM Export Prices
- May 13 8:30 AM Import Prices ex-oil
- May 13 8:30 AM Retail Sales
- May 13 8:30 AM Retail Sales ex-auto
- May 13 10:00 AM Business Inventories
- May 13 10:30 AM Crude Inventories
- May 13 10:35 AM Crude Inventories
- May 14 8:30 AM Core PPI
- May 14 8:30 AM Initial Claims
- May 14 8:30 AM PPI
- May 15 8:30 AM Core CPI
- May 15 8:30 AM CPI
- May 15 8:30 AM Empire Manufacturing
- May 15 9:00 AM Net Long-Term TIC Flows
- May 15 9:15 AM Capacity Utilization
- May 15 9:15 AM Industrial Production
- May 15 9:55 AM Mich Sentiment-Prel

The Data I will be following closely are the Imports/Exports, Trade Balance, Retail Sales, Producer Price Index, and Intial Claims of Unemployment. As long as these numbers don't fall in the "shockingly bad" category I think that Wallstreet investors should dress for success, as the markets should remain rather stable next week.