Monday, December 28, 2009

A Light Week

Like we discussed during Thanksgiving week, the upcoming week in the stock market promises to be very quiet, which can also lead to greater volatility. Many traders remain on vacation this week, which has only four trading days to begin with. The news this week will be driven by a few different things:

* Tuesday, there will be a new consumer confidence report. The consensus is that the number will be up slightly.

* Also on Tuesday, the Case-Shiller report on home prices is due.

* Wednesday, the December index of business activity in the U.S. Midwest region comes out. The estimate is that the number will be down slightly from November, but still expansionary.

* Thursday, we'll have a new weekly jobless report.

Any of these could have an outsize effect on the market indexes on a very light trading day. Don't take the resulting market swings all that seriously.

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