Craig Johnson’s

Market Brief

Tuesday, August 5, 2014

Stocks bounced higher yesterday. Most of the major indices rallied erasing their losses from Friday, but remain deeply oversold. Even though trading volume was light, it was good to see small capitalization stocks rally after last week’s weakness. Energy stocks led the market higher, while utility stocks declined.




August 5 - Tuesday

Factory Orders, June (10:00): 0.5% expected, -0.5% prior

ISM Services, July (10:00): 56.5 expected, 56.0 prior


August 6 - Wednesday

MBA Mortgage Index, 08/02 (7:00): -2.2% prior

Trade Balance, June (8:30): -$45.2B expected, -$44.4B prior

Crude Inventories, 08/02 (10:30): -3.697M prior


August 7 - Thursday

Initial Claims, 08/02 (8:30): 308K expected, 302K prior

Continuing Claims, 07/26 (8:30): 2525K expected, 2539K prior

Natural Gas Inventories, 08/02 (10:30): 88 bcf prior

Consumer Credit, June (15:00): $15.8B expected, $19.6B prior


August 8 - Friday

Productivity-Preliminary, Q2 (8:30): 1.4% expected, -3.2% prior

Unit Labor Costs, Q2 (8:30): 2.0% expected, 5.7% prior

Wholesale Inventories, June (10:00): 0.4% expected, 0.5% prior

Sources:,,, Dow Jones News, Financial Times,, Investor's Business Daily,,, Thomson Reuters/First Call, U.S. Dept of Treasury, and individual company web sites and press releases.  

Leonetti & Associates, LLC views or opinions are as of a certain date and subject to change without notice.  The material contained herein is for informational purposes only and obtained from sources we consider reliable. We make no guarantee as to its accuracy or completeness.  References to specific securities and industries/sectors should not be considered recommendations to buy or sell any security or advisory service.  Past performance is not a guarantee of future results.