Sunday, February 17, 2008

The Week Ahead

From an information perspective, we really don't get that much.

First, the markets are closed on Monday for President's day.

Wednesday we get two important stats. Housing starts and CPI. I'm especially curious about CPI in the wake of the import export price release last week that showed the highest rate of growth since 1982.

With any housing statistic, its more a matter of how bad will it be? I can't the the homebuilders doing any major buildouts right now.

As for the market, I'm waiting for one of the big averages to break out of the consolidation pattern we're in.