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RECAP FOR THE WEEK OF: Jan 19, 2009
"Thursday is expected to be the big mover this week, as well as a reversal."
RESULTS:
Tuesday was the big mover this week, but I still believe Thursday marked the start of a reversal.
View recent OEX REVERSAL dates.
ALL CURRENT RECOMMENDATIONS
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OPTION
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HIGHEST PROFIT
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FORECAST FOR THE WEEK OF: Jan 26, 2009
Powerful forces at work in the market right now. Expect a strong move to the upside this week. Granted, there is a chance this could back-fire which would lead to almost panic selling, but I believe we are going higher.
Tuesday or Friday should be the big mover this week.
This week is the first time since Sept that the markets will be able to get back to performing like they should. There was the crash, the Presidential election, the holidays, and the Ignauguration.
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FINANCIAL EVENTS THIS COMING WEEK
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Monday, 26-Jan-2009
10:00 Existing Home Sales
10:00 Leading Indicators
11:00 4-Week Bill Announcement
01:00 3-Month Bill Auction
01:00 6-Month Bill Auction
01:00 20-Yr TIPS Auction
Tuesday, 27-Jan-2009
07:45 ICSC-Goldman Store Sales
08:55 Redbook
09:00 S&P Case-Shiller HPI
10:00 Consumer Confidence
01:00 4-Week Bill Auction
01:00 2-Yr Note Auction
Wednesday, 28-Jan-2009
07:00 MBA Purchase Applications
10:30 EIA Petroleum Status Report
02:15 FOMC Meeting Announcement |
Thursday, 29-Jan-2009
08:30 Durable Goods Orders
08:30 Jobless Claims
10:00 New Home Sales
10:30 EIA Natural Gas Report
11:00 3-Month Bill Announcement
11:00 6-Month Bill Announcement
01:00 5-Yr Note Auction
04:30 Money Supply
Friday, 30-Jan-2009
08:30 GDP
08:30 Employment Cost Index
09:45 NAPM-Chicago
09:55 Consumer Sentiment
03:00 Farm Prices |
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Source: MyPivots
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