Coach Mark here.

We have a light week ahead of us in the markets. While there are a few earnings on the calendar of note (DIS, UBER, SHOP) there are not any of the heavyweights this week. Not a lot on the economic calendar this week either. In fact, it is so light (unemployment claims on Thursday, consumer sentiment on Friday) analysts are already looking ahead at the inflationary data coming next week as the next talking point. There are a few Fed speakers that will throw some talking points out there but overall, there are not a lot of catalyst-oriented events this week.

In weeks like these technicals tend to dominate. That might be good news for the bulls are the S&P 500 attempts to work itself above the 50-day moving average and continue the short-term momentum that it ended the week on. Its not a bad setup for the bulls after a near perfect unemployment report on Friday (wage growth down) and Fed and Treasury actions that were supportive of markets.

Technical analysis is amazing and we will continue to break them down on the Halftime Report all week long. You can read charts like a pro as well and our Options Success Training is designed to help you do that. It starts tonight and is free for all pro members. If you are a pro member you can register here for this class. If you are not a pro member sign up for a free 15-day trial and register for the class all at once which you can do here.

Have a fantastic start to your week!

Chart of the Day: S&P 500 Futures (/ES)

A decent look on the S&P 500 to start the week as it attempting to navigate above the last moving average resistance level which would be the 50-day moving average represented by the blue line.

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