Market Happenings For Tuesday, February 19, 2013

Premarket, futures are up with the Dow showing +22 at the open. Dow stocks at 52 week highs include DIS, GE, JNJ and JPM.

The Market

Last week DJIA was up +0.8%, Nasdaq +0.9%, S&P 500 +0.7% and Russell 2000 +0.7%.

Year-to-date DJIA is up +6.9%, Nasdaq +5.3%, S&P 500 +6.1% and Russell 2000 +7.3%.

This week I think we get another leg up.

Gas is up 32 days straight.

The national average price for gasoline is up 4.8 cents today to $3.748 per gallon.

European stocks are higher and Asian markets closed mostly lower (Korea was up).

Earnings Reports

Hewlett-Packard (HPQ and Wal-Mart (WMT) both report this week on Thursday. WMT before the open and HPQ after the close.

Home Depot (HD) reports next week on the 26th before the market open.

Financial Calendar

0830 ET CPI revisions.

1000 ET Feb NAHB housing market index expected +1 to 48, Jan unch at 47.

1100 ET USDA weekly grain export inspections.

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