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RECAP FOR THE WEEK OF: Feb 23, 2009
"Possible rally in the beginning of the week. Most active day(s) this week should be Thursday or Friday.
Over the past 4 weeks, my forecast for the coming week has been one week off. I had been calling for a sharp sell-off, but that did not show up until the last two weeks. And I now expect it to last for another week or two. Any rally will be an opportunity to sell."
RESULTS:
The rally did not show up in the beginning of the week, but we did go lower in the latter part of the week.
Heliocentric Mercury finished its trek through Sagittarius on Friday. As expected, Gold moved up strongly during this period.
Monday was the big mover, but Friday set a new low.
View recent OEX REVERSAL dates.
ALL CURRENT RECOMMENDATIONS & RESULTS
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OPTION
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ENTRY
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HIGHEST PROFIT
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SYMBOL
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DATE
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PRICE
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PRICE
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PERCENT
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.OXBBH
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01/23/09
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1.20
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2.80
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133%
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.DAVBG
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01/23/09
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1.20
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2.00
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67%
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.OEWNG
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01/30/09
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1.60
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3.20
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100%
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.GSNM
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02/03/09
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1.55
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1.55
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0%
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FORECAST FOR THE WEEK OF: Mar 02, 2009
Expecting a bit of a rally in the first part of this week. Stochastic and RSI both point towards a move up, as does a triangle that has formed. A rally here could last all week. Next week is horrible!
Wednesday or Thursday should see the most action.
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FINANCIAL EVENTS THIS COMING WEEK
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Monday, 02-Mar-2009
08:30 Personal Income and Outlays
10:00 ISM Mfg Index
10:00 Construction Spending
11:00 4-Week Bill Announcement
01:00 3-Month Bill Auction
01:00 6-Month Bill Auction
Tuesday, 03-Mar-2009
07:45 ICSC-Goldman Store Sales
08:55 Redbook
10:00 Pending Home Sales Index
01:00 4-Week Bill Auction
Wednesday, 04-Mar-2009
07:00 MBA Purchase Applications
07:30 Challenger Job-Cut Report
08:15 ADP Employment Report
10:00 ISM Non-Mfg Index
10:30 EIA Petroleum Status Report
02:00 Beige Book
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Thursday, 05-Mar-2009
08:30 Jobless Claims
08:30 Productivity and Costs
09:00 RBC CASH Index
09:00 30-Yr Bond Announcement
10:00 Factory Orders
10:30 EIA Natural Gas Report
11:00 3-Month Bill Announcement
11:00 6-Month Bill Announcement
11:00 52-Week Bill Announcement
11:00 3-Yr Note Announcement
11:00 10-Yr Note Announcement
03:00 Treasury STRIPS
04:30 Money Supply
Friday, 06-Mar-2009
08:30 Employment Situation
03:00 Consumer Credit
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Source: MyPivots
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