Up and down Wall Street investors are wondering if the reversal has legs or if negative sentiment is about to return with a vengeance.
Although stocks closed higher on Friday, Jim Cramer largely believes the price action is best described as a relief rally. That is, pros were so relieved that the jobs number didn't generate a major sell-off, they instead bid the market higher.
Whether the buying endures or not will most certainly be influenced by events next week. And there's a lot on the agenda.
Following are the earnings reports, economic data and other potentially market moving catalysts that Jim Cramer will be monitoring in the week ahead.
MONDAY JUNE 10TH
On Monday morning, Cramer thinks data from China will dominate the mood in the market. "Be prepared for the market to scrutinize Chinese industrial production and retail sales," Cramer said. "They will probably be dismal but expectations have gotten so low that numbers that show even a tenth of a percent improvement could ignite interest in cyclical stocks."
Digging down into the market, Cramer will put technology front and center with the Apple Developers Conference. "Right now people think Apple has lost its creative spark and surrendered its tech leadership to Samsung. Monday can change all that if Apple unveils some dazzling products. If they don't dazzle I fear that Apple's just going to be total dead money until the next quarter," said Cramer.
Also, the Mad Money host will be taking a read on the high end with earnings from Lululemon. "I like the stock but it's been on a tear. I would suggest some register ringing ahead of the report," said Cramer.
In addition, Cramer will take the pulse of organics. "We also will hear from Annie's and I think this high multiple stock could struggle," Cramer said. "That said, I like the natural organic natural theme for the long-term."