(function() { (function(){function b(g){this.t={};this.tick=function(h,m,f){var n=f!=void 0?f:(new Date).getTime();this.t[h]=[n,m];if(f==void 0)try{window.console.timeStamp("CSI/"+h)}catch(q){}};this.getStartTickTime=function(){return this.t.start[0]};this.tick("start",null,g)}var a;if(window.performance)var e=(a=window.performance.timing)&&a.responseStart;var p=e>0?new b(e):new b;window.jstiming={Timer:b,load:p};if(a){var c=a.navigationStart;c>0&&e>=c&&(window.jstiming.srt=e-c)}if(a){var d=window.jstiming.load; c>0&&e>=c&&(d.tick("_wtsrt",void 0,c),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&&c>0&&(d.tick("_tbnd",void 0,window.chrome.csi().startE),d.tick("tbnd_","_tbnd",c))),a==null&&window.gtbExternal&&(a=window.gtbExternal.pageT()),a==null&&window.external&&(a=window.external.pageT,d&&c>0&&(d.tick("_tbnd",void 0,window.external.startE),d.tick("tbnd_","_tbnd",c))),a&&(window.jstiming.pt=a)}catch(g){}})();window.tickAboveFold=function(b){var a=0;if(b.offsetParent){do a+=b.offsetTop;while(b=b.offsetParent)}b=a;b<=750&&window.jstiming.load.tick("aft")};var k=!1;function l(){k||(k=!0,window.jstiming.load.tick("firstScrollTime"))}window.addEventListener?window.addEventListener("scroll",l,!1):window.attachEvent("onscroll",l); })();

Monday, April 02, 2007

This Week: Oil & China


The first quarter in 2007 has come to an end, with the S&P500 and Nasdaq slightly up and the Dow down. This coming week, I think external factors will set the stage in the stock market.

Firstly, oil prices will continue to be in focus with the ongoing conflict with Iran. Watch for energy counters as well as airline sectors (inverse relationship.

Next, let's see how China will react to U.S. imposing tariffs on some goods from China. A trade war in the brewing?

Other than oil and China, the important piece of economic data coming out this week is the unemployment report. However, since it is out on Fri, when stock market will be closed for Good Friday, I expect the market to be relatively flat starting Thurs (assuming no market moving external news), as traders await this data on Fri and react on next Mon. So it should be a short week with most action occurring on Mon-Wed.

Posting will be light this week and the next. Have a great long weekend!

Mon: ISM Index

Wed: Factory Orders, ISM Service
Notable earnings: BBY, CC, MU, MON

Thurs:
Notable earnings: STZ

Fri: Good Fri--Stock market will be closed. However, the Unemployment report is scheduled for release on this holiday.

posted by Simply Options Trader at 2:40 PM PERMALINK


0 Comments:

Post a Comment

<< Home