(function() { (function(){function c(a){this.t={};this.tick=function(a,c,b){var d=void 0!=b?b:(new Date).getTime();this.t[a]=[d,c];if(void 0==b)try{window.console.timeStamp("CSI/"+a)}catch(l){}};this.tick("start",null,a)}var a;if(window.performance)var e=(a=window.performance.timing)&&a.responseStart;var h=0=b&&(window.jstiming.srt=e-b)}if(a){var d=window.jstiming.load;0=b&&(d.tick("_wtsrt",void 0,b),d.tick("wtsrt_","_wtsrt", e),d.tick("tbsd_","wtsrt_"))}try{a=null,window.chrome&&window.chrome.csi&&(a=Math.floor(window.chrome.csi().pageT),d&&0=c&&window.jstiming.load.tick("aft")};var f=!1;function g(){f||(f=!0,window.jstiming.load.tick("firstScrollTime"))}window.addEventListener?window.addEventListener("scroll",g,!1):window.attachEvent("onscroll",g); })();

Monday, January 08, 2007

Week Ahead 8/1 - 12/1

Earnings season is officially kicking off this Tue and will spell the tone for the coming week. Technicals of the indices are mixed for now:

-Nasdaq still supported by uptrend and 50MA. I share the same view as Jamie

-Both the DOW and S&P500 broke their downtrend on relatively high volume, and this is a bearish sign. DOW has also broke the 12,400 mark which I earlier mentioned as a support level. Mike shares his technical thoughts on various indicies and ODA125 highlights that S&P 500 could be potentially forming an imperfect double-top

Of course all these technicals could change course along the week depending on whether investors like the earnings announcements. Remember: The market is dynamic!


Mon:
Notable earnings: LIFC

Tue: MacWorld-Keynote speech by Steve Jobs
Notable earnings: AA (earnings season official start)

Wed: Wholesale inventory
Notable earnings: INFY, DNA

Fri
: Business inventory


0 Comments:

Post a Comment

<< Home