Hello,

Let's preview this coming week using our economic calendar. We will also look at some things that aren't on the calendar:

**Monday: retail sales and Empire State Manufacturing. Look at the sub-componets of the NY Fed as it is our first look at unemployment and new orders

**Thursday: weekly claims and NY Fed - same thing as above - look at the employment and new orders sub-components

**There are also a smattering of important international events, so use CNBC and Bloomberg.com to stay on top of that or your favorite market commentary (i.e. jupiter peak financial!)

**Other international speakers that pop up on the calendar with little to no warning

**Also, earnings events. The next few weeks will bring lots of earnings. See if they start to come in soft as a result of 2 quarters of slowing economic data. Remember, the world has backed off on its needs for goods and services since late April/early May.

Technically, the SPX is sitting on the 1425-1430 support level. After that, a local area at 1408 and then a true support level and psychological level at 1400. Will this be enough of a retracement to be a buying opportunity? What are you doing with your portfolio as this move takes place. Are you using any strategies to take advantage ofa  possible 60 point move in the SPX - 1470 to 1400.

Past performance is not indicative of future results

Also, if this is a true double top, the last leg of the "M" could take us to 1400 to satisfy that pattern.

The week starts off with a bang with retail sales and Empire Fed!

Happy Trading and Be Environmentally Cool

Coach Brian

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.