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10/13/18
Thomas Thornton
The Week Ahead - Key Events and Focus

Third quarter earnings season begins to ramp up which will dominate most of the news on the corporate calendar. The schedule will be somewhat weighted toward banks and asset managers, Notable reporting companies include but are not limited to: ( BAC, SCHW, JBHT, BLK, DPZ, GS, JNJ, UNH, CSX, IBM, NFLX, USB, EBAY, WTFC, PM, WBS, KEY, BK, AXP, OZK, PYPL, CFG, HON, PG, SYV, VFC) .

On the economic front in the U.S. we will see production data and some housing data, while abroad we will see ZEW economic sentiment in Europe as well as trade balance data from Japan and Chinese Q3 GDP at the end of the week.

Bullish sentiment bounced Friday with the S&P bulls moving to 16% and the Nasdaq 100 bulls to 17% both from 10% on Thursday afternoon.  The 60 minute tactical charts have been very useful according to our clients and the NDX did trigger the 4th of 5th down wave with now a price objective of 6689.  The S&P should trigger the 4th of 5 waves down early in the week.  

The new Hedge Fund Telemetry website is getting closer to launch as all the beta testing has been completed on the new daily market sentiment charts.  There will be now 45 different markets with ability for user to adjust time frames going back to 2000.  Both the price of the market and daily sentiment will be together along with some moving averages that can be used as buy or sell triggers.  We are so appreciative to all of our clients who have helped up build out our platform that is quite useful.

If you are still on an extended trial or have been getting the Daily Note forwarded by friends or colleagues, will get one more week of access once the site goes live for free.  Everyone who will want to read the Daily Note will soon have to have their own log on and password.  To become a client, please sign up here and we will send you a copy of our favorite book on DeMark Indicators for free.  You're not going to want to miss out.  Thanks again and let's make it another great week.  

Earnings, Conferences, Economic Reports

    Monday 15-Oct:
      Corporate:
        Earnings:
        • Pre-open: BAC, SCHW
        • Post-close: JBHT
        Brokerage Conferences:
        • Deutsche Bank ESG Investing
      • Analyst Meeting: WMT, FTS.CN, ADBE
      Economic:
      • US: NY Empire State Manufacturing Index (Oct), Retail Sales (Sep), Business Inventories (Aug),
      • Asia (Sun PM / Mon AM): Japan: Capacity utilization (Aug), Industrial Production (Aug)
    Tuesday 16-Oct:
      Corporate:
        Earnings:
        • Pre-open: BLK, CMA, DPZ, FHN, GS, GWW, JNJ, MS, OMC, UNH,
        • Post-close: CREE, CSX, FULT, IBM, LRCX, NFLX, TACO
      • Analyst Meeting: CYTK, FTS.CN, WMT, CERS, ARWR
      • IPO: REPX
      Economic:
      • US: Capacity Utilization (Sep), Industrial Production (Sep), Manufacturing production (Sep), JOLTs Job Openings (Aug), NAHB Housing Market (Oct),
      • Europe: Euro-zone: Trade Balance (Aug), ZEW Econ Sentiment (Oct) Germany: Import Prices (Aug), ZEW Econ Sentiment / current condition (Oct) UK: Claimant Count (Sep), Unemployment rate (Aug), Average Earnings (Aug)
      • Asia (Mon PM / Tues AM): China: Inflation Rate (Sep), PPI (Sep)
    Wednesday 17-Oct:
      Corporate:
        Earnings:
        • Pre-open: ABT, MTB, NTRS, USB
        • Post-close: BPFH, BXS, CCI, CCK, EBAY, UMPQ, URI, WTFC
        Brokerage Conferences:
        • Roth Capital Partners Battle of NASH Thrones
      • Analyst Meeting: SRRA, CMRX
      • IPO: MSC, PHAS, SIBN, VTEC
      Economic:
      • US: Building Permits (Sep), Housing Starts (Sep), Fed Spearker Brainard, FOMC minutes
      • Europe: Euro-zone: Construction output (Aug), Core Inflation (Sep), UK: PPI (Sep), Core Inflation (Sep), Retail price (Sep), BoE Minutes
    Thursday 18-Oct:
      Corporate:
        Earnings:
        • Pre-open: ADS, BBT, BK, DHR, DOV, EWBC, KEY, LNN, MDSO, PM, PPG, SNA, TRV, TTS, TXT, WBS,
        • Post-close: ASB, AXP, CE, CP.CN, ETFC, ISRG, OZK, PBCT, PYPL, TEAM, WAL, WERN
      • Analyst Meeting: AXSM,
      • IPO: LOGC, NIU, SWI
      Economic:
      • US: Philly Fed Manufacturing Index (Oct), Fed speaker Bullard, Leading indicators (Sep)
      • Europe:Germany: Wholesale prices (Sep), UK: Retail Sales (Sep)
      • Asia (Wed PM / Thurs AM): Japan: Balance of Trade (Sep), Imports / Exports (Sep), Stock investment by Foreigners (Oct), Foreign bond Investment (Oct)
    Friday 19-Oct:
      Corporate:
        Earnings:
        • Pre-open: CFG, CJR.B.CN, HON-M, IPG, KSU, PG, RCI.B.CN, SLB, STI, STT, SYF, VFC
      • Brokerage Conferences:
      • Analyst Meeting:
      • PDUFA: BIIB, IQV, MRK (Ontruzant)
      Economic:
      • US: Existing Home Sales (Sep), Fed Speaker Kaplan, Bostic
      • Europe: Euro-zone: Current Account (Aug),UK: Public sector borrowing (Sep)
      • Asia (Thurs PM / Fri AM): China: GDP (Q3); Industrial Production (Sep), Retail Sales (Sep), Fixed Asset Investment (YTD), Japan: Core Inflation (Sep), BoJ Gov Kuroda Speecth








 


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Occasionally, an earnings report date could change, or could be incorrect. We rely on various sources including Street Account, Factset, and Bloomberg to compile this report.    

 

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