Please Note: I have two other newsletters this weekend, one on Trade ideas, and one on precious metals. I already sent out my list on the precious metals stocks, providing you a real time URL to my master Google Spreadsheet.

----------

Table of Contents:

SPY Pro system comments

1. Glance at last Week Stats, Upcoming Economic Table, Earnings Release Dates

2. Review of the Major Indexes/Indicators

3. Quick Overview Important Indicators VIX etc and Bonds via TLT and HYG

4. Examine All Sector Charts

5. Commodities (Crude Oil, Natural Gas, Copper, DBA, Jo Coffee)

6. US Dollar, Precious Metals, GDX/GDXJ, SIL/SILJ, various indicators and stocks.  Weeks ago I said the gold precious area represented a swing trade opportunity and since that time this area has had a significant move higher.

Week of July 22 - July 26

Date	ET	Release	For	Actual	Briefing.com Forecast	Briefing.com Consensus	Prior	Revised From
Jul 23	09:00	FHFA Housing Price Index	May		NA	NA	+0.4%
Jul 23	10:00	Existing Home Sales	Jun		5.35M	5.30M	5.34M
Jul 24	07:00	MBA Mortgage Applications Index	07/20		NA	NA	-1.1%
Jul 24	10:00	New Home Sales	Jun		670K	660K	626K
Jul 24	10:30	EIA Crude Oil Inventories	07/20		NA	NA	-3.1M
Jul 25	08:30	Adv. Intl. Trade in Goods	Jun		NA	NA	-$74.5B
Jul 25	08:30	Adv. Retail Inventories	Jun		NA	NA	0.5%
Jul 25	08:30	Adv. Wholesale Inventories	Jun		NA	NA	0.4%
Jul 25	08:30	Durable Orders	Jun		0.8%	1.0%	-1.3%
Jul 25	08:30	Durable Goods –ex transportation	Jun		0.4%	0.3%	0.3%
Jul 25	08:30	Initial Claims	07/20		214K	215K	216K
Jul 25	08:30	Continuing Claims	07/13		NA	NA	1686K
Jul 25	10:30	EIA Natural Gas Inventories	07/20		NA	NA	+62 bcf
Jul 26	08:30	GDP - Adv.	Q2		1.8%	1.8%	3.1%
Jul 26	08:30	GDP Deflator - Adv.	Q2		1.8%	1.8%	0.6%

Actual refers to the actual figures after their release.

Briefing.com Forecast refers to Briefing.com's forecast.

Briefing.com Consensus represents the market consensus estimate for each indicator.

Prior represents the last actual for each indicator. In cases where the release is a revision to an earlier estimate, as is possible with GDP, productivity, and U of Michigan sentiment, the last actual refers to the preliminary estimate for the same period. After a report is released, the Prior column reflects the prior figure as revised.

The Revised From column lists the prior number as it was originally reported, ie before revision.

Not included: Mitsubishi and Redbook chain store indexes are released every Tuesday morning. M2 is released every Thursday at 16:30 ET.

Stock Earnings Calender:

Click here for a list of Stocks that are reporting Earnings

**Generally we never hold a position into earnings since the risk/reward is too great