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. Todays 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 todays 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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