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*** LATEST UPDATES ***
The nightly charts are back up again.
Just click on the .pdf link next to the date at
http://www.oss.cc/TradingRoom_List.asp
If you wish to receive a reminder nightly, just reply to this e-mail with "sign me up"
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RECAP FOR THE WEEK OF: Mar 23, 2009
This coming week is flat. In fact, there is not even one day that sticks out that we could called the most active day.
RESULTS:
Big pop on Monday then some back-and-forth.
View past OEX REVERSAL dates.
FORECAST FOR THE WEEK OF: Mar 30, 2009
Market should continue its rally for a few more weeks before taking out the low of March 6-10, but right now we could see a short, but sharp, decline.
Since the economic mess started in Sept 2008, there have been 3 rallies:
Oct 10 to Nov 4: DJIA + 1772 points
Nov 12 to Jan 6: DJIA +1639 points
This time the DJIA is up +1461 points.
Another factor to consider is the violence/aggression cycle is peaking again. Does North Korea launch its missle? Does Isreal bomb Iran? Is there another big terrorist attack around the corner? This can also coincide with events in nature such as storms, earthquakes and volcano eruptions. Hey, isn't there one letting off steam in Alaska?
Another cycle that is starting to peak is volatility.
Most active day should be Friday.
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FINANCIAL EVENTS THIS COMING WEEK
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Monday, 30-Mar-2009
11:00 4-Week Bill Announcement
01:00 3-Month Bill Auction
01:00 6-Month Bill Auction
03:00 Farm Prices
Tuesday, 31-Mar-2009
07:45 ICSC-Goldman Store Sales
08:55 Redbook
09:00 S&P Case-Shiller HPI
09:45 NAPM-Chicago
10:00 Consumer Confidence
01:00 4-Week Bill Auction
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Wednesday, 01-Apr-2009
07:00 MBA Purchase Applications
07:30 Challenger Job-Cut Report
08:15 ADP Employment Report
10:00 ISM Mfg Index
10:00 Construction Spending
10:00 Pending Home Sales Index
10:30 EIA Petroleum Status Report
Thursday, 02-Apr-2009
08:30 Jobless Claims
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 10-Yr TIPS Announcement
04:30 Money Supply
Friday, 03-Apr-2009
08:30 Employment Situation
10:00 ISM Non-Mfg Index
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Source: MyPivots
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