Editor Note: Money Talks highly recommends that you make a regular trip to this monday morning site to this Don Vailoux monday report where he analyses an astonishing 40 to 50 Stocks, Commodities and Index charts and, provides a “Bottom Line” and some very interesting commentary.

– a few of the 40+ charts and commentary below. Full site HERE.

Be sure to check out Don’s bottom Line at the bottom of his chart analysis HERE.

Economic news is mixed this week.

The November U.S. Trade Deficit to be released on Tuesday at 8:30 AM EST is expected to increase to $34.5 billion from $32.9 billion in October.

December Retail Sales to be released on Thursday at 8:30 AM EST is expected to increase 0.5% versus an increase of 1.3% in November. Ex autos, retail sales are expected to increase 0.3% versus an increase of 1.2% in November.
November Business Inventories to be released on Thursday at 10:00 AM EST is expected to increase 0.2% versus an increase of 0.2% in October.

December Consumer Price Index to be released on Friday at 8:30 AM EST is expected to increase by 0.2% versus a 0.4% increase in November. Ex food and energy, CPI is expected to increase 0.1% versus no change in November.
December Capacity Utilization to be released on Friday at 9:15 AM EST is expected to increase to 71.8% from 71.3% in November.

December Industrial Production to be released on Friday at 9:15 AM EST is expected to increase 0.6% versus a 0.8% increase in November.

The January Michigan Sentiment Index to be released on Friday at 9:55 EST is expected to increase to 73.8 from 72.5 in December.

Earnings News This Week
Fourth quarter earnings start to trickle in this week. Focuses are on Alcoa, Intel and JP Morgan.
Monday sees Alcoa
Tuesday sees KB Homes
Wednesday sees Cogeco
Thursday sees Intel and Shaw Communications
Friday sees JP Morgan

Equity Index Trends

The ratio of S&P 500 stocks in an uptrend to a downtrend (i.e. the Up/Down ratio) increased last week from 4.37 to (381/63=) 6.05. The ratio remains intermediate overbought.

Bullish Percent Index for S&P 500 stocks increased last week from 79.40% to 82.40%. The Index remains intermediate overbought and above its 15 day moving average.

The Up/Down ratio for TSX Composite stocks advanced from 6.54 to (166/24=) 6.92. The ratio remains intermediate overbought.

Bullish Percent Index for TSX Composite stocks increased last week from 79.70% to 81.68%. The Index remains above its 15 day moving average. The Index remains intermediate overbought.

……read more and be sure to check out Don’s bottom Line at the bottom of his chart analysis HERE