By Nicholas Santiago on April 9th, 2010 4:06pm Eastern Time
The volume has been absolutely dead for the month of March and April so far. This is unusual because the months around the spring and fall equinoxes are usually the heaviest volume times of the year. However, next week is the start of the earnings season, therefore, volume and volatility may pick up.
On Monday, April 12th, Alcoa Inc. (NYSE:AA) will report earnings after the bell. This is usually not a big market mover; however, it did cause a reaction last quarter when it reported earnings.
April 13th, the tech bellwether stock Intel Corp. (NASDAQ:INTC) will report earnings. This stock may not see a big reaction in its own stock; however, it will usually move the technology sector. Therefore, Intel Corp is very important and should be watched closely.
J.P. Morgan Chase & Co. (NYSE:JPM) will report on Wednesday, April 14th. This stock is a leading financial stock and a market leader. This stock will certainly be a market mover especially for the financial sector. J.P. Morgan Chase and Co. has already had a huge rally and their expected positive numbers could already be priced in. However, financial stocks have lead the markets higher since February 5th, 2010 and remain in an uptrend.
Google Inc. (NASDAQ:GOOG) will report earnings on Thursday, April 15th. This is a big one and should stir up the markets. Recently Google Inc. pulled out of China and many investors are still unsure how this will affect the company going forward. Google Inc. is a leading technology stock and a market mover.
Finally, on Friday, April 16th before the opening bell at the New York Stock Exchange the financial giant Bank of America Corporation (NYSE:BAC) will report their earnings. This earnings report will be very important and should at least move the markets early in the session. April 16th, will also be options expiration and the market will usually slow down after the first 2 -3 hours of the trading day.
Next week will be very interesting as volume and volatility should pick up. The week during options expiration is always choppy and volatile; therefore, expect some wild action as opposed to the recent activity.
Nicholas Santiago
Chief Market Strategist
www.InTheMoneyStocks.com
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