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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"
Tradingroom Results
Week ending 2009/04/24 +9
Week ending 2009/04/24 +5
Week ending 2009/04/17 +13
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RECAP FOR THE WEEK OF: Apr 20, 2009
SAME AS LAST WEEK: MAJOR REVERSAL COMING. VOLATILITY IS HIGH.
Expect the markets to move down sharply.
Greatest activity is expected on Tuesday or Wednesday.
I mentioned this a couple a weeks ago, and now is the time to mention it again as I believe this rally is over. Since last September, there have been 3 rallies.
The first lasted about 4 weeks, and gained 1770 points (Oct 10 to Nov 4).
The second lasted 7 weeks and gained 1640 points (Nov 12 to Jan 6)
The current rally has lasted 6 weeks and gained 1720 points.
Mmmm..... What do you think is going to happen next?
Follow up:
We got a big reversal on Monday. As stated in a mid-week update:
350% gain in one day!
If you looked at the lastest reversal chart mentioned in this week's newsletter, you knew that Friday was a major reversal.
At the close on Friday, the OEX weekly option .RZDPQ was selling for $1.15. Today, it hit a high of $5.20.
Want to know when the next reversal will be? Subscribe to the Option Signal Service today because the next reversal is coming soon.
Monday had the biggest point change and largest intraday movement.
View past OEX REVERSAL dates.
FORECAST FOR THE WEEK OF: Apr 27, 2009
Expect the reversal to continue.
Wednesday is expected to be the most active day.
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FINANCIAL EVENTS THIS COMING WEEK
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Monday, 27-Apr-2009
11:00 4-Week Bill Announcement
01:00 3-Month Bill Auction
01:00 6-Month Bill Auction
01:00 2-Yr Note Auction
Tuesday, 28-Apr-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 5-Yr Note Auction
Wednesday, 29-Apr-2009
07:00 MBA Purchase Applications
08:30 GDP
09:00 Treasury Refunding Announcement
09:00 30-Yr Bond Announcement
10:30 EIA Petroleum Status Report
11:00 3-Yr Note Announcement
11:00 10-Yr Note Announcement
01:00 7-Yr Note Auction
02:15 FOMC Meeting Announcement
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Thursday, 30-Apr-2009
08:30 Personal Income and Outlays
08:30 Employment Cost Index
08:30 Jobless Claims
09:45 Chicago PMI
10:30 EIA Natural Gas Report
11:00 3-Month Bill Announcement
11:00 6-Month Bill Announcement
11:00 52-Week Bill Announcement
03:00 Farm Prices
04:30 Money Supply
Friday, 01-May-2009
09:55 Consumer Sentiment
10:00 ISM Mfg Index
10:00 Factory Orders
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Source: MyPivots
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