(PRO Views are unique to PRO subscribers, giving them perception on the information of the day direct from a actual investing professional. See the full dialogue above.) The standard knowledge believes Friday’s PCE inflation report may have the greatest market affect, however NYSE insider Jay Woods believes the weekly jobless claims information Thursday is the extra important one for markets. Woods, chief market strategist at Freedom Capital markets, believes a spike in jobless claims might transfer the market extra as a result of that may imply “the Fed has more work to do because unemployment is going higher.” He additionally notes the PCE will likely be much less of a shock since a lot of inputs to that calculation are already recognized by Wall Street. (Watch full video above.) The dealer — who’s patrolled the Big Board flooring for 3 decades-plus — is additionally watching under-the-radar reminiscence chipmaker Micron this week. The inventory, which is on a tear, studies earnings Tuesday after the bell. The $145 degree is assist for the inventory, mentioned Woods, including “over the long term, this chart looks great — it has $220 potential upside.” MU 6M mountain Micron, 6 months What else Woods is watching this week: Whether the small-cap centered Russell 2000 can maintain the 2,400 degree. That might decide whether or not is a “breakout or a fake out,” mentioned Woods. KB Home earnings on Wednesday after the bell. The 10-year Treasury yield degree as a “tell” for the inventory market. Need to see longer-term charges ticking down, mentioned Woods. Costco earnings after the bell Thursday. Has something modified with client spending habits. Will the authorities shut down? (This weekly Monday video is solely for CNBC PRO subscribers.)