Links:
It is important to at least have a brief look at the economic and earnings calendars for the week... they may give trading ideas, explain certain market movements.. and keep you out of trouble. ;) Notice that there are a lot of earnings this week!
link to Economic Calendar for the week. (http://biz.yahoo.com/c/e.html)[/url]
link to Earnings Calendar for the week. (http://www.earnings.com/earning_week.asp?date=20060424&client=cb)[/url]
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Charts:
The charts section gives a brief look at the markets and key sectors with technical analysis. It helps to know the health of the market. This is followed by a summary.
So always first.. NASDAQ:
The Dow, S&P 500, Nasdaq 100, Russel
Oil, Gold, USD
Banks, Brokers, Semis, Internets
To sum it up:
04/24/2006 - 04/28/2006
As you can see from the charts.. earnings season is in full gear and those reports will decide the direction of the market. I am thinking that eventually high oil prices must negatively impact most companies :-X but the market has not reacted in this way so far. It doesn't really matter what makes sense.. thats not how the market works.. it just is ;) so we follow. The 3SOF portfolio zoomed to new highs last week :o.. lets continue on! >:D
Everything is on neutral due to earnings.. GOLD and Oil remain bullish and the dollar looks weak.
Nasdaq - neutral
DJIA - neutral
S&P - neutral
NDX - neutral
Russel - neutral
Oil - bullish
Gold - bullish
USD - bearish
Banks - neutral
Brokers - neutral
Semis - neutral
Internets - neutral
Drugs - neutral
Biotechs - neutral
Airlines - neutral
Retail - neutral