3StocksOnFire — US Stock Trading Community · 451+ trades · 257% returns · 15,000 members · Main Site · Trader's Guide · Articles · Video Analyses
3 Stocks On Fire
3StocksOnFire Community Forum
Home Message Boards Trader's Guide Articles Video Analysis About Us Search Register

The Week Ahead Outlook: 06/05/2006 - 06/09/2006

Started by eliteG, June 04, 2006, 03:44:21 PM

Previous topic - Next topic

eliteG

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[/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[/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:

eliteG

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

eliteG

Oil, Gold, Silver, Copper, USD

eliteG

Banks, Brokers, Semis, Drugs, Biotech

eliteG

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.  ;)


Visit Stock Group Lists to research groups of stocks doing well. 
If you would like to add stocks or groups to this list check out Stock Group List Input

GTA is available after each market close.  At GTA you can input a stock for review and get an opinion and a chart analysis before the next market open!  Find out how a stock you are holding is doing.. where support is.. if it is a good buy..etc.  Check Out last week's G-TA: 8)

G-TA: Tuesday
G-TA: Wednesday
G-TA: Thursday
G-TA: Friday

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