The Week Ahead Outlook: 06/12/2006 - 06/16/2006

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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. 

Economic Calendar[/url]
------------Monday June 12---------------------
2:00 PM   Treasury Budget
------------Tueday June 13---------------------   
8:30 AM   Business Inventories
8:30 AM   Core PPI
8:30 AM   PPI
8:30 AM   Retail Sales
8:30 AM   Retail Sales ex-auto
------------Wednesday June 14---------------------
8:30 AM   Core CPI
8:30 AM   CPI
10:30 AM   Crude Inventories
2:00 PM   Fed's Beige Book
------------Thursday June 15---------------------
8:30 AM   Initial Claims
8:30 AM   NY Empire State Index
9:00 AM   Net Foreign Purchases
9:15 AM   Capacity Utilization
9:15 AM   Industrial Production
12:00 PM   Philadelphia Fed
------------Friday June 16---------------------
8:30 AM   Current Account
9:50 AM   Mich Sentiment-Prel.

Earnings Calendar[/url]
S&P 500 Companies Reporting:
M -   LEH
T -   BBY   GS
W -   n/a
R -   BSC   KBH   PGR
F - n/a
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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:

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

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Oil, Gold, Silver, Copper, USD

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Banks, Brokers, Semis, Drugs, Biotech

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To sum it up:
06/05/2006 - 06/09/2006

The Nasdaq finished down 3.80% last week.. a nasty move.  For the market to change directon it may need to display some consolidation.  This week we will have Triple Witching (stock, index, futures options expirations) so we may see some volatility.  Triple witching is monthly every 3rd Friday and can sometimes see some crazy price swings.  Oil is basing nicely, Gold continues its slide, Silver/Copper looks weak and the USD managed to bounce from consolidation and may be able to climb now.  Banks and biotechs seem to be in good shape while the semis have been crushed lately and might be due for some recovery.  The Broker/Dealer sector may provide some plays this week as some big names have earnings.

Trade it good.  [/b]

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