MJTT

Good Morning MJTT!

I put together three things to look at this evening, as I feel all three will help all of you throughout the week. The first item is a conglomerate of Econoday.com Economic Data that outlines this entire week, the second item is a Prophet.net Top 25/Bottom 25, 10-Day Industry Rankings spreadsheet, and the third item is my Micro/Small Cap Sector Watch Lists. Without further ado, let's get started and check out the Economic Data spreadsheet:

If we start at the end of the week, the first thing we all should notice is that September's Option Expiration is a Quadruple Witching, making Friday a high-volatility day (because of this, one of my goals for this week is to be full cash by Friday). Wednesday and Thursday are our biggest Economic Indicator days and are also very crucial for the performance in the Oil and Natty Gas commodities during the back half of the week. I personally am anxious to see the Treasury International Capital statistic (Tuesday, 9:00am ET), as well as the Housing Market Index (1:00pm ET). To me, these two are very important Economic indicators; the T.I.C. measures what countries are buying our debt, while the Housing Market Index allows us to formalize an opinion as to how the Housing Market will fare this coming winter. With the /ES the way it's currently holding, I am guessing that many people are beginning to bet against the Economic data coming out this week.

Now let's check out the Top 25/Bottom 25, 10-Day Industry Rankings spreadsheet:

As you can see, the Top 25 industries from the past two weeks have truly been on fire - even the Bottom 25 industries were mostly break even. I've highlighted the following industries (yellow blocks in the spreadsheet) in order to point out their possible importance going into this week: