Forecast

Wk11: Market Forecast

In the week ahead make note of these important economic announcements.· Tues: Ben Bernanke Speaks 8:30 ET· Thurs: Retail Sales 8:30 ET· Fri: International Trade 8:30 ETLook for a break of S/P 725 or 665 for continued moves to the up or downside. We are in uncharted territory so proceed with caution. The most important thing through these times is to preserve capital.

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Wk10: Market Forecast

In the week ahead make note of these important economic announcements.· Mon: Personal Income and Outlays 8:30 ET· Mon: ISM Manufacturing Index 8:30 ET· Fri: Employment Situation 8:30 ET Also pay attention to Tuesday’s Pending Home Sales Index at 10:00 ET and Thursdays Jobless Claims 8:30 ET. A move lower seems likely, but we are still setting up with some long positions because we feel the risk/reward is such that a sharp rally to the upside will occur at the…

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Wk9: Market Forecast

Get out your long playbook. When everyone thinks sell, it’s time to buy!The market prices in the FUTURE speculation of the economy so we believe that any sign of a positive 2010 or 2011 will produce a huge rally over the months to come. In the week ahead make note of these important economic announcements.· Thurs: Durable Goods 8:30 ET· Fri: GDP 8:30 ET We also have Consumer Confidence on Tuesday, Existing Home Sales Wednesday, New Home Sales Thursday, and…

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Wk8: Market Forecast

OPTIONS EXPIRY WEEK! In the week ahead make note of these important economic announcements.· Weds: Housing Starts 8:30 ET· Thurs: Industrial Production 9:15 ET· Thurs: Producer Price Index 8:30 ET· Thurs: Jobless Claims 8:30 ET· Fri: Consumer Price Index 8:30 ET If you look at the Dow versus the NASDAQ, you can see the divergence in strength. The NASDAQ is showing to be the strongest out of all the indices, putting in higher highs and higher lows, while the Dow…

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Wk7: Market Forecast

We are at a pivotal point here in week 7. While the last two trading sessions have been quite bullish, we are not rushing to go all out long. Watch for the S/P, Dow, and Russell to break their previous swing highs. Sideways action would be a sign of upside to come because it means the bulls are holding prices at these levels, however we remain cautious for short sellers will want to try and push prices lower at this…

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Wk6: Market Forecast

In the week ahead, watch for a retest of the S/P $800 level. We made an attempted rally last week which only made it to the 50% Fibonacci retracement level (using the highs from January 09). Major economic data for the week is as follows…· Mon: Personal Income and Outlays 8:30 ET· Mon: ISM Manufacturing Index 10:00 ET· Fri: Employment Situation 8:30 ET Along with these reports we have Pending Home Sales on Tuesday, Jobless Claims and Natural Gas Report…

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Wk5: Market Forecast

In the week ahead, we are waiting for President Obama to release his Economic Stimulus Plan. We still have a lot of earnings, but key economic data will be…· FOMC Meeting Weds 2:15ET· Durable Goods Orders Thurs 8:30ET· GDP Fri 8:30 ET Oil Services and Gold are looking strong here. Stocks like RIG and SLB performed very well on Friday and Gold is making another run at $1000 an ounce, however watch GLD on a yearly chart as it is…

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Wk4: Market Forecast

In the week ahead, we should see somewhat of a range bound market. While a stochastic oscillator reads oversold, the moving averages will act as resistance if there is an attempt to move higher. We are entering a 5 week option expiry cycle kicked off with president elect Obama’s inauguration on Tuesday. This should produce a light trading day, however earnings season is heating up and big names like Johnson and Johnson, TD Ameritrade, CSX and IBM all report on…

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