The Week Ahead Outlook: 05/22/2006 - 05/26/2006

[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]
------------Wed May 24---------------------
8:30 AM   Durable Orders
10:00 AM New Home Sales
10:30 AM Crude Inventories
------------Thu May 25---------------------   
8:30 AM   Chain Deflator-Prel.
8:30 AM   GDP-Prel.   
8:30 AM   Initial Claims   
10:00 AM Existing Home Sales   
10:00 AM Help-Wanted Index   
------------Fri May 26---------------------
8:30 AM   Personal Income   
8:30 AM   Personal Spending   
9:50 AM   Mich Sentiment-Rev.   

Earnings Calendar[/url]
S&P 500 Companies Reporting:
M -   CPB   LOW
T -   CSC   MDT
W -   AZO   NTAP
R -   BLI   PDCO
F -   PGR

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

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 - have they found support?

[eliteG]

Oil, Gold, Silver, Copper, USD

[eliteG]

Banks, Brokers, Semis, Drugs, Retail

[eliteG]

To sum it up:
05/22/2006 - 05/26/2006

Last week was a continuation of the technical breakdown in the market.  On Friday we saw most charts show support and so the question this week is will this hold and follow-through?  Oil and gold actually fell back while the dollar had a bounce.  The bankers seem to be in the strongest position now(according to the chart and fed).  Lets see what this week brings.

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

Check Out last week's G-TA:
G-TA: Monday 05/15/2006
G-TA: Tuesday 05/16/2006
G-TA: Wednesday 05/17/2006
G-TA: Thursday 05/18/2006
G-TA: Friday 05/19/2006

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