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Stocks Struggle To Find Direction

Jeremy Lutz - MarketClub

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As we start the week, it looks as if the market is still trying to digest what the Federal Reserve said in is its meeting minutes last week. All eyes will be on the housing, PMI and wage numbers due this week as well as commentary for the regional Fed Chiefs. The Regional Fed chiefs for St. Louis, San Francisco, and Philadelphia are due to speak Monday, while Chair Janet Yellen is due to deliver remarks on Friday.

The big mover of the day is Apple Inc. (NASDAQ:AAPL). It's jumped over 1.5% on rumors of large iPhone 7 orders and after Taiwan's Economic Daily News reported that the iPhone maker has asked suppliers to prepare production for a new version of its smartphones.

Key levels to watch this week:
S&P 500 (CME:SP500): 2,084.87
Dow (INDEX:DJI): 17,934.61
NASDAQ (NASDAQ:COMP): 4821.57
Gold (FOREX:XAUUSDO): 1,259.36
Crude Oil (NYMEX:CL.N16.E): 47.26
U.S. Dollar (NYBOT:DX.M16.E): 91.88

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