The Week Ahead Outlook: 4/24/2006 - 4/28/2006

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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.    Notice that there are a lot of earnings this week!

link to Economic Calendar for the week.[/url]

link to Earnings Calendar for the week.[/url]

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Charts:

The charts section gives a brief look at the markets 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:

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

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Oil, Gold, USD

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Banks, Brokers, Semis, Internets

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To sum it up:
04/24/2006 - 04/28/2006

As you can see from the charts.. earnings season is in full gear and those reports will decide the direction of the market.  I am thinking that eventually high oil prices must negatively impact most companies    but the market has not reacted in this way so far.  It doesn't really matter what makes sense.. thats not how the market works.. it just is so we follow.  The 3SOF portfolio zoomed to new highs last week .. lets continue on!

Everything is on neutral due to earnings.. GOLD and Oil remain bullish and the dollar looks weak.

Nasdaq - neutral
DJIA - neutral
S&P - neutral
NDX -  neutral
Russel - neutral

Oil - bullish
Gold - bullish
USD - bearish

Banks - neutral
Brokers - neutral
Semis - neutral
Internets - neutral
Drugs - neutral
Biotechs - neutral
Airlines - neutral
Retail - neutral