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*** LATEST UPDATES ***
The nightly charts were not sent this week due to insufficient time.
When things get busy, the free stuff sometimes suffers.
Tradingroom Results
1 point per EMINI contract = $50
Week ending 2009/04/10 +13..$650
Week ending 2009/04/17 +5...$250
Week ending 2009/04/24 +9...$450
Week ending 2009/05/01 +10..$500
Week ending 2009/05/04 +8...$400
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RECAP FOR THE WEEK OF:
Hard to read the market this week. In fact, next week looks much the same. Lots of indicators pointing to whipsaw moves. Don't expect any trends to last more than a day or two.
Monday is expected to be the most active day; although, even here, there are some mixed signals. If Monday is flat, or if Tuesday or Wednesday have a larger move than Monday, then expect Thursday to be the big mover. If Thursday fails, then we are looking at Friday. (Reminds me of my Logic class in college)
Follow up:
Bulls-eye. Monday was both the largest point change and intra-day range.
The reversal did continue for another two days. Subscribers were alerted to buy OEX Calls mid-week. Those Calls paid off nicely this week.
View past OEX REVERSAL dates.
FORECAST FOR THE WEEK OF: May 11, 2009
Expecting a move down this week. Subscribers have already holding Puts.
Hard to call the most active day this week. I will take a pot-shot and say Monday. Not real confident on this one.
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FINANCIAL EVENTS THIS COMING WEEK
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Monday, 11-May-2009
11:00 4-Week Bill Announcement
01:00 3-Month Bill Auction
01:00 6-Month Bill Auction
Tuesday, 12-May-2009
07:45 ICSC-Goldman Store Sales
08:30 International Trade
08:55 Redbook
01:00 4-Week Bill Auction
02:00 Treasury Budget
Wednesday, 13-May-2009
07:00 MBA Purchase Applications
08:30 Retail Sales
08:30 Import and Export Prices
10:00 Business Inventories
10:30 EIA Petroleum Status Report
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Thursday, 14-May-2009
08:30 Producer Price Index
08:30 Jobless Claims
10:30 EIA Natural Gas Report
11:00 3-Month Bill Announcement
11:00 6-Month Bill Announcement
04:30 Money Supply
Friday, 15-May-2009
08:30 Consumer Price Index
08:30 Empire State Mfg Survey
09:00 Treasury International Capital
09:15 Industrial Production
09:55 Consumer Sentiment
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Source: MyPivots
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