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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 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.
Follow up:
Subscribers were alerted that Monday was a reversal date. Monday's point change was -254 following a loss on the previous Friday, then up the rest of the week.
Wednesday's intraday range was 310 points
"violence/aggression cycle is peaking again"
Shooting in Binghamton, New York
Shooting in Pittsburgh, Pennsylvania
North Korea launches a long-range rocket
Five children were found shot to death in a home near Tacoma, Washington, Saturday afternoon
View past OEX REVERSAL dates.
FORECAST FOR THE WEEK OF: Apr 06, 2009
Volatility cycle should continue this week.
Expect the markets to move down.
Greatest activity is expected on Thursday or Friday.
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FINANCIAL EVENTS THIS COMING WEEK
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Monday, 06-Apr-2009
11:00 4-Week Bill Announcement
11:00 3-Yr Note Announcement
11:00 10-Yr Note Announcement
01:00 3-Month Bill Auction
01:00 6-Month Bill Auction
03:00 Treasury STRIPS
Tuesday, 07-Apr-2009
07:45 ICSC-Goldman Store Sales
08:55 Redbook
01:00 4-Week Bill Auction
01:00 52-Week Bill Auction
01:00 10-Yr TIPS Auction
03:00 Consumer Credit
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Wednesday, 08-Apr-2009
07:00 MBA Purchase Applications
10:00 Wholesale Trade
10:30 EIA Petroleum Status Report
01:00 3-Yr Note Auction
02:00 FOMC Minutes
Thursday, 09-Apr-2009
08:30 International Trade
08:30 Jobless Claims
08:30 Import and Export Prices
09:00 RBC CASH Index
09:56 Full Moon
10:30 EIA Natural Gas Report
11:00 3-Month Bill Announcement
11:00 6-Month Bill Announcement
01:00 10-Yr Note Auction
02:00
04:30 Money Supply
Friday, 10-Apr-2009
02:00 Treasury Budget
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Source: MyPivots
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