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. ;)
Economic Calendar (http://biz.yahoo.com/c/ec/200623.html)[/url]
------------Monday June 5---------------------
10:00 AM ISM Services
------------Tueday June 6---------------------
n/a
------------Wednesday June 7---------------------
10:30 AM Crude Inventories
3:00 PM Consumer Credit
------------Thursday June 8---------------------
8:30 AM Initial Claims
10:00 AM Wholesale Inventories
------------Friday June 9---------------------
8:30 AM Export Prices ex-ag.
8:30 AM Import Prices ex-oil
8:30 AM Trade Balance
Earnings Calendar (http://www.earnings.com/earning_week.asp?month=20060604&day=20060505&date=20060605&client=cb)[/url]
S&P 500 Companies Reporting:
W - BMC HRB NAV
R - NSM
-------------------------
Charts:
The charts section gives a brief look at the indices 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, Silver, Copper, USD
Banks, Brokers, Semis, Drugs, Biotech
To sum it up:
06/05/2006 - 06/09/2006
The Nasdaq finished up 0.41% last week.. a nice rise but on weak volume. A bottom my have been placed here but it my take some consolidation and some more volume to prove(difficult as we head into summer doldrums). Until then traders still have to be on the lookout for a breakdown of 2150.. this could signal a continued bear move. Oil looks set to move higher, Gold continues its slide, Silver/Copper looks weak and the USD reversed its bounce and looks a bit shaky. Banks, Biotechs and Oil Services seem to be strong sectors.
Trade it good. ;)
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G-TA: Tuesday (http://www.3stocksonfire.org/trading/index.php?topic=5858.0)
G-TA: Wednesday (http://www.3stocksonfire.org/trading/index.php?topic=5876.0)
G-TA: Thursday (http://www.3stocksonfire.org/trading/index.php?topic=5888.0)
G-TA: Friday (http://www.3stocksonfire.org/trading/index.php?topic=5901.0)
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