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The Week Ahead Outlook: 05/30/2006 - 06/02/2006

Started by eliteG, May 29, 2006, 08:21:56 PM

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eliteG

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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[/url]
------------Tues May 30---------------------
10:00 AM Consumer Confidence
------------Wed May 31---------------------   
10:00 AM Chicago PMI
10:30 AM Crude Inventories   
2:00 PM   FOMC Minutes
------------Thur Jun 01---------------------
12:00 AM Auto Sales   
12:00 AM Truck Sales
8:30 AM   Initial Claims
8:30 AM   Productivity-Rev.
10:00 AM ISM Index
------------Fri Jun 02---------------------
8:30 AM   Average Workweek
8:30 AM   Hourly Earnings
8:30 AM   Nonfarm Payrolls
8:30 AM   Unemployment Rate

10:00 AM   Factory Orders

Earnings Calendar[/url]
S&P 500 Companies Reporting:
T -   ABS   CA   FRE
W -   COST   NOVL   TIF
R -   BFB   CIEN   DG   HNZ   PLL
F -   

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

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:

eliteG

The Dow, S&P 500, Nasdaq 100, Russel - how strong will this bounce be?

eliteG

Oil, Gold, Silver, Copper, USD

eliteG

Banks, Brokers, Semis, Drugs, Retail

eliteG

To sum it up:
05/30/2006 - 06/02/2006
Last week the indices found support on Wednesday and bounced(weak volume).  Lets see if the bulls can turn this into an all out rally back to the top  >:D.. Oil, Gold, Silver and the dollar consolidated while copper remains near highs.  The sectors tried to follow the market with banks and drugs looking strongest.  After a holiday the market usually has a bullish tendency.. the market may use this momentum to correct higher.. lets see what we get.  Trade it good.  ;)


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