Despite slight declines on Friday, the three major indexes all registered advances of a few percentage points this past week. In the coming week, with more positive economic news expected, investors are likely to keep stock prices moving up.

FedEx Corp (FDX) and Procter & Gamble (PG) are two companies that have already given indications of improving earnings for the third quarter, and some analysts are forecasting economic growth of 3 percent for the second half of this year.

Investors are still looking for signs that consumer spending is propelling economic recovery. On Tuesday, August retail sales, not including autos, are expected to show a gain of 0.4 percent, in contrast to July’s figure of -0.6 percent. Also due on Tuesday are the Producer Price Index and data on July business inventories. Wednesday will bring the Consumer Price Index and figures on August industrial production. Thursday’s data will include housing starts for August and the weekly figures for initial unemployment claims.

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7 Stocks to Watch

We have 7 stocks this week near daily resistance looking to break to new recent highs. The 7 stocks to watch are Aetna Inc. (AET), The Black & Decker Corporation (BDK), The Chubb Corporation (CB), Molex Incorporated (MOLX), PepsiCo, Inc. (PEP), The Progressive Corporation (PGR), and XL Capital Ltd. (XL).

Dave Mecklenburg is the Editor-in-Chief of TigerSharkTrading.com.