Friday, June 02, 2006

What is ahead next week for stocks

Stock market closed mixed Friday after 6 days of attempt rally. The force of rally is not as strong as an indicator for the market bottom is made. But rallies are always welcome by the bulls. Today's market started strong after the employment number came out, but it reversed downward. I do not like the action today. Fortunately it closed with a small change. I expect more volatility in the coming days until the FED is done with the rate hike.

Event Calenders from Yahoo:
Monday: BNI Corporation Analyst Meeting; CRDN Analyst Meeting; HPQ Shareholders Meeting; IMCL Analyst Meeting; PMTC Worldwide Media and Analyst Day; APPB, SHFL at Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conf; SCT at Standard and Poors Insurance Conf 2006; UTX, SON, TKR, IP at JPMorgan Basics & Industrials Conf; Fed: Bernanke, ECB's Trichet, BoJ's Muto speak in Washington...
Tuesday:
MFE Analyst Meeting; DTPI Analyst Day; C EMEA Investor/Analyst Day; CNC Analyst Meeting; AEOS, CHS,WOOF, FDP at Piper Jaffray Consumer Conf; BDN, FICC, ESS, FR, PNP at NAREIT Institutional Investor Forum 2006; CR, ROP, URS, MON, DOW at JPMorgan Basics & Industrials Conf; DPZ, HLT, HOT, YUM at Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conf; ENER Media Briefing; Merrill Lynch Small-Mid Cap Houston One on One Conf; MXICY Sales Release-May 2006; RSAS, DMRC, SCUR at Janney Montgomery Scott Identity Tech Convergence Conf; Standard and Poors Insurance Conf 2006; UMC Corporation May Sales Release; Fed: Bies to speak on risk management in Cal; Hoenig speaks on monetary policy in Colorado...
Wednesday:
HAL
Investor and Analyst Day; EMC Analyst Day 2006; SPW Investor Meeting; EME Investment Community Meeting; ADY, AX, CDE, NTO at NYSSA 6th Annual Metals & Mining Conf; ALD Corporation Conf; BMY Follow-up Conf Call; EAT May Sales Release; HME, PSA, AMB, MAC, GGP at NAREIT Institutional Investor Forum 2006; LTBG at Credit Suisse Boston IT Services & Transaction Processing Conf; NVLS mid-quarter update for Q2 2006; PRXL, SEPR at Credit Suisse Small-Mid Cap Healthcare Day; ROP at Keybanc Capital Markets Industrial & Automotive Conf; SHO Investor Breakfast; Fed: Greenspan will testify on oil, economy before senate committee; Guynn talks on the economy in Duluth, Georgia...
Thursday:
CA Analyst Day; ENTG Analyst Day; Boston-Area Semicap Analyst Event; EYE Analyst Day Webcast; HAL Investor and Analyst Day; IDTI Tech Analyst Day; MIL Investor Analyst Day; STX Tech Analyst and Investor Meeting; WBS Investor Day 2006; TOL 2006 Analyst/Investor Conf; Credit Suisse Boston IT Services & Transaction Processing Conf; DBD, HSC at Keybanc Capital Markets Industrial & Automotive Conf; GLB, RPT, KRG, DLR at NAREIT Institutional Investor Forum 2006; KLIC Semiconductor Industry Trends` Conf Call; TSM Sales Release - May 2006; TXN 2Q06 Mid-Quarter Conf Call; XLNX Mid-Quarter Update- After Mkt Close- No Conf Call...
Friday: INTC Business Group Technology Update; TSFG Analyst Meeting; WTM Analyst Meeting; Fed Chairman Bernanke speaks at MIT.

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