Resources:
Week Ahead Outlook (http://www.3stocksonfire.org/trading/index.php?topic=5666.0)
Stock Group Lists (http://www.3stocksonfire.org/trading/index.php?topic=5250.0)
We run 2 portfolios in our premium service that are doing amazing! Our members get the complete trade stategy and updates before we buy and sell. Check out our free trial and let us show you what we can do! Free Trial (http://www.3stocksonfire.org/subscriptions.php)
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Economic Data:
8:30 AM Core CPI
8:30 AM CPI
10:30 AM Crude Inventories
Earnings Today Link (http://www.earnings.com/earning.asp?date=20060517&sortby=startdate&client=cb)
Futures:
09:00 am : S&P futures vs fair value: -8.8. Nasdaq futures vs fair value: -13.5. Futures indications continue to weaken, setting the stage for stocks to open sharply lower. Even though the recently released CPI data by no means indicate that inflation is picking up significantly, since it remains difficult to argue that there is not a firming trend of some degree, the likelihood of the Fed moving to a restrictive monetary policy increases.
08:31 am : S&P futures vs fair value: -4.5. Nasdaq futures vs fair value: -4.8. Now shaping up to be a lower open for equities as CPI data provide little relief on the inflation front. Total CPI rose 0.6% in April (consensus 0.5%) â€" the biggest rise in three months while the closely watched core rate (ex-food and energy) rose a more than expected 0.3% (consensus 0.2%), countering yesterday's tame inflation read. Bonds, which were off slightly ahead of the report, have slipped further into negative territory. The 10-yr note is now down 12 ticks to yield 5.14%.http://finance.yahoo.com/mo
Gap List:
Stock Review will be open after market close. Get an opinion and a chart on a stock. If it looks good we may add to our portfolio. ;) This is also a great place to browse for trading ideas. Make sure to check it out:
http://www.3stocksonfire.org/trading/index.php?topic=5691.msg62303#msg62303
Here is an example of a possible hot trade:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=21318)