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The major stock market index composites found green territory across the majority of the tracking board yesterday. Better than expected economic reports helped index trending find green during the course of the first tradings session of the week. Today’s trending will find direction from yesterdays positive action. As no major economic reports are due out today, interpretation of the well received home based news posts will help guide index trending through this day today. Toyota and Disney will post reports that will be noteworthy today as well. On Wednesday, Federal Reserve Chairman Ben Bernanke will follow up his newsworthy comments made last week by testifying before the House Budget Committee. Bernanke's comments often make headlines and may be influential in pushing the day's index trend lines. One major earnings report to post this day will come from Coca-Cola and Cisco Systems. Thursday, as often is the case, will garner more attention as news and economic posts in our nation will skew towards employment. The government will post its weekly report on initial jobless benefit claims and the government will also report on wholesale inventories. In addition to these reports, the federal treasury Budget is due. Pepsico will post a report this day as will Kraft Foods and Expedia. On Friday, the government will post data on December's U.S. trade balance. In addition to this report on Friday, the University of Michigan will post its report on consumer sentiment. A report is due out this day from Discovery Holdings. Currently, prior to opening bell for today’s open market trading session, stock futures reveal positive positioning. The Dow is .26% in the green before opening bell. The S&P is green by .08% and the Nasdaq is green by .34%. Author: Frank Matto
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