This is the Week

This is the week that we find out if the weak unemployment and consumer confidence numbers mean anything.  The GDP numbers that come out on Friday should settle that debate.  The average forecast at the moment is + 2.5 percent, slightly below the previous quarter.  I would be surprised if it is that high.

In the meantime the moving averages on the popular indexes are flirting with upside breakouts.  We will keep you posted.