Archive

Wk37: Market Forecast

In the week ahead look for these news announcements to act as potential market movers…· Tues: Producer Price Index 8:30 AM ET· Tues: Retail Sales 8:30 AM ET· Weds: Consumer Price Index 8:30 AM ET· Weds: Treasury International Capital 9:00 AM ET · Weds: Industrial Production 9:15 AM ET· Weds: EIA Petroleum Status Report 10:30 AM ET· Weds: Housing Market Index 1:00 PM ET· Thurs: Housing Starts 8:30 AM ET· Thurs: Jobless Claims 8:30 AM ET· Thurs: EIA Natural Gas…

1
Read More

Wk37: Stocks to Watch

As we flip through our scans and watchlists we notice many more stocks breaking to 52-week highs than 52-week lows. As a matter of fact, there are hardly any stocks making 52-week lows across the board. Keep looking out for stocks that are relatively strong and weak to the market as a stock’s value is influenced by the rising and sinking tide of the market. Long: ASML, AWH, BP, BR, BRCM, CYMI, LPL, NTGR, OSK, SBUX, ULTA (w/ caution) Short:…

0
Read More

Aug09 Recap

This month it was the S&P500 and Dow that outperformed the NASDAQ and Russell. Could this be tribute to the S&P and Dow playing catch-up, or are the NASDAQ and Russell indicating that a rollover to the downside may be in store? This is the 5th consecutive week of new highs of the top line figures on the monthly chart.

0
Read More

Wk35: Market Recap

I don’t like to toot my own horn, but in this case I will pat myself on the back… http://tjmactrading.blogspot.com/2009/08/top-is-here.html http://tjmactrading.blogspot.com/2009/09/watch-for-bounce.html

0
Read More

Wk36: Market Forecast

In the week ahead look for these news announcements to act as potential market movers…· Thurs: International Trade 8:30 AM ET· Thurs: Jobless Claims 8:30 AM ET· Thurs: EIA Natural Gas Report 10:30 AM ET· Thurs: EIA Petroleum Status Report 11:00 AM ET· Fri: Consumer Sentiment 9:55 AM ET· Fri: Treasury Budget 2:00 PM ET This week should set the tempo for the rest of 2009.

0
Read More

Watch for a Bounce!

Watch for a bounce at the S&P 980 Level. Not only is this a strong support level, it is right at the uptrend line of the March and July lows. The rest of the week should continue to drift lower on lighter volume going into the 3-day holiday weekend.How the market reacts to the Jobless Claims number Thursday and Employment Situation Friday will be quite important. For those continuing to be bearish, don’t worry, we are halfway through the formation…

0
Read More
Categories