(Pro views are exclusive to professional subscribers, giving insight into the day’s news directly from real investment professionals. See full discussion above.) While traditional wisdom believes that Friday’s PCE inflation report will affect the biggest market, NYSE insider Jay Woods believes that weekly jobless claim data is important on Thursday. Woods, chief market strategist at Freedom Capital Markets, believes a surge in unemployed claims could move the market further. He also points out that PCE is not surprising, as many inputs to that calculation are already known on Wall Street. (Look at the full video above.) Traders who have patrol large board floors for over 30 years are looking at radar memory chip maker Micron this week. The tearful stock reports earnings after Tuesday’s Bell. The $145 level is stock support, Woods said, adding, “In the long run, this chart looks good and is a potential $220 potential.” Mu 6m Mountain Micron, 6 Months, what is Woods watching this week: whether the mini-focused Russell 2000 can hold 2,400 levels. It could determine whether it’s a “breakout or a fake out,” Woods said. KB Home income is on Wednesday after Bell. Treasury yield level for 10 years as a “tell” in the stock market. We need to see the long-term fees ticked by the moment, Woods said. Costco revenue after Thursday’s Bell. Everything is changing due to consumer spending habits. Will the government be shut down? (This Monday video is for CNBC Pro subscribers only.)
