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The Week Ahead Outlook: 4/10/2006 - 4/14/2006

Started by eliteG, April 09, 2006, 10:23:48 AM

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eliteG

Economic Calendar for the week:
http://biz.yahoo.com/c/ec/200615.html

Earnings this week:
http://www.earnings.com/earning_week.asp?date=20060410&client=cb

-------------------------

I broke down the market/sector charts this week into different groups and cut off some that I found non-essential.  If you would like some TA on a market/sector chart that is not covered let me know and I will try to accomodate.  ;)

So always first.. NASDAQ:

eliteG


The Dow, S&P 500, Nasdaq 100, Russel

eliteG


Oil, Gold, USD

eliteG

#3
Banks, Brokers, Semis, Internets

eliteG


Drugs, Biotech, Airlines, Retail

eliteG

To sum it up:
04/10/2006 - 04/14/2006

Nasdaq - neutral.. @ channel bottom but @ breakout support
DJIA - bearish.. possible H&S breakdown out of bearish wedge
S&P - neutral/bearish.. @ bottom of tight range
NDX -  neutral/bullish.. breakout from H&S bottom last week, @ support

Oil - bullish.. high in the post-breakout, plenty of support
Gold - neutral/bullish.. post-breakout
USD - neutral/bullish.. fake breakdowns are usually followed by breakouts.

Banks - neutral/bearish.. possible H&S top confirmation this week
Brokers - neutral.. maybe too extended but continues up.. so far
Semis - neutral/bullish.. round bottom breakout last week, plenty of support
Internets - neutral.. breakout reversal but still @ support
Drugs - neutral/bearish..  broke down heavy but now @ strong support
Biotechs - bearish.. broke through 2 supports last week
Airlines - neutral/bearish.. @ bottom of supprt
Retail - neutral/bullish.. flag breakout and now back to support

422fwhp


eliteG

Quote from: 422fwhp on April 09, 2006, 03:24:25 PM
Thank you for all your diligent work.

Jody

Thx Jody  ;D  Let me know if I can add something to this week outlook.  ;)

setravis

What's up G ? Everything good I hope !  :D $$$
Every time I read a post of your's, I think you just get better and better. ;D
The knowledge seems to just explode from your head ! ;)
You are truly a "Wizard"!!!  ;)
Have a great week with your trading my friend....
Just plain and simple, "Outstanding Work" !!!  Applaud..... :)

Regards Wizard......

Hawkeye.... 8)
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

eliteG

Quote from: setravis on April 09, 2006, 07:15:21 PM
What's up G ? Everything good I hope !  :D $$$
Every time I read a post of your's, I think you just get better and better. ;D
The knowledge seems to just explode from your head ! ;)
You are truly a "Wizard"!!!  ;)
Have a great week with your trading my friend....
Just plain and simple, "Outstanding Work" !!!  Applaud..... :)

Regards Wizard......

Hawkeye.... 8)

Wow, thank you Hawkeye!  ;D  There are a bunch of great veterans here and it seems impossible to not learn something new and useful every week.  I'm glad this weekly outlook is helping.. let me know if I can add something to it.  ;) 

Continue with your great work my friend!!  And muchos $$

Game, SET, match!  8)  :D

echo

3sof  keeps improoving.  There is so much information available. With the ability of all memebers to post msgs, it really increases the information exponentially.

And with G on here every day posting updates and opinions, its awesome!!!

Thanks G for you. continued hard work (keep those winners coming, buddy).
There's always a bull market somewhere and I promise to bla bla bla bla........

doyerdiligence

i'll be sad when this goes into the depths of the pay tier
Increased Liquidity found at www.otcmovers.com

Amarens

G, great work. Applaud  :)

I would like to add one. Last week I asked you about silver. To you a close above 11,75 would conform a further bullish move. Don't know who is following but silver closed above and seems to have entered a new channel (can one say that like that  ???)

Some facts.The goldrally is in the news almost daily. Silver hardly ever. Strange since
Warren Buffet, George Soros and also Bill Gates took big silver positions. Why? Fundamentally the outlook for silver is really good. Demand is getting bigger than the offer. The silverprice doubled in the last years. Only this year alone silver rose 17,7%, against 7,3% rise in gold  :o.

Therefore I think it is good to keep silver on the monitor  ::) ::).

Great trading,
Amarens


fill_the_gap

Elite,

Great work.

It is outstanding to be able to review the charts in one place as the week begins.

Applaud !

-Jeff-
Just one opinion, do the research

SmartWrasse

Thanks for your work Gil.  Much appreciated!