The market has topped after S&P500 hit 1328 level. The market is expected to decline till Monday as there are still chances of ECB fine tuning operation on Tuesday. http://www.freefdawatchlist.com/2012/01/how-high-can-s-can-go-in-next-two-week.html Tomorrow S&P500 should break 1308 level to enter in zone where it can further sell off of 5% very quickly. Mr. President hasn't used his veto power to raise debt ceiling yet and as per US treasury department it will default if the debt ceiling is not raised on Jan 27th.
Stocks expected to open high: NFLX, RIMM, JBLU, X, KOG
Stocks expected to open low: ETFC, SNDK, TSRX, EQT
Stocks reporting Earning before market open: MMM, CAT, ABC, BMY, CELG, CL, COV, LMT, NOK, MWW, POT, TWC, UAL
Stocks reporting Earning market close: ABAX, BVSN, CRUS, DLA, RVBD, VRSN, TNAV
Stocks expected to open high: NFLX, RIMM, JBLU, X, KOG
Stocks expected to open low: ETFC, SNDK, TSRX, EQT
Stocks reporting Earning before market open: MMM, CAT, ABC, BMY, CELG, CL, COV, LMT, NOK, MWW, POT, TWC, UAL
| Time | Cur. | Imp. | Event | Actual | Forecast | Previous | |
| 08:30 | USD | Chicago Fed National Activity | -0.37 | ||||
| 08:30 | USD | Continuing Jobless Claims | 3432K | ||||
| 08:30 | USD | Core Durable Goods Orders (MoM) | 0.9% | 0.3% | |||
| 08:30 | USD | Initial Jobless Claims | 370K | 352K | |||
| 08:30 | USD | Durable Goods Orders (MoM) | 2.0% | 3.7% | |||
| 09:45 | USD | Bloomberg Consumer Confidence | -47.4 | ||||
| 10:00 | USD | New Home Sales | 320K | 315K | |||
| 10:00 | USD | CB Leading Index (MoM) | 0.7% | 0.5% | |||
| 10:30 | USD | Natural Gas Storage | -91B | -87B |
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