Craig Johnson’s

Market Brief

Tuesday, October 7, 2014

The stock market opened at the highs of the day on Monday before selling dropped stocks lower for the day. Some industry groups that have been weak were among the best performers: gold and silver, soft commodities and Brazil. Biotech, software and solar stocks were some of the worst performing groups. The major market indices are trying to establish Thursday's lows as the lows for the indices. A light week for economic reports being released and just a handful of company's earnings will be reported. 



October 7 - Tuesday

JOLTS - Job Openings, August (10:00): 4.673M prior

Consumer Credit, August (3:00): $20.0B expected, $26.0B prior


October 8 - Wednesday

MBA Mortgage Index, 10/04 (7:00): -0.2% prior

Crude Inventories, 10/04 (10:30): -1.363M prior

FOMC Minutes, 9/17 (2:00)


October 9 - Thursday

Initial Claims, 10/04 (8:30): 295K expected, 287K prior

Continuing Claims, 09/27 (8:30): 2425K expected, 2398K prior

Wholesale Inventories, August (10:00): 0.3% expected, 0.1% prior

Natural Gas Inventories, 10/04 (10:30): 112K prior


October 10 - Friday

Export Prices ex-ag., September (8:30): -0.3% prior

Import Prices ex-oil, September (8:30): 0.1% prior

Treasury Budget, September (2:00): $75.1B 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.