What is ahead next week for stocks

The stock market pulled a massive up day on Wednesday after the FED chairman Ben Bernanke's testimony speech. But it soon reversed on Thursday after (YHOO) and (INTC) earning announcement.

On Friday, (DELL) pre-announced bad upcoming earning quarter because of slow down PC sale. The market again followed thru the Thursday's down day with higher volume. Like I have stated previously, I believe Nasdaq has the very high chance of testing 2000 level before heading back 2100.

Hold your cash and wait for better buying opportunities.

Event Calenders from Yahoo:

Earnings Preview for the week of July 24th-28th: : Of the hundreds of companies reporting earnings the week of July 24th-28th here are some of the more important names:
Monday: BLS, MRK, SLAB, USG, ALTR, LNCR, RNOW, SNDK, and TXN
Tuesday: MMM, AKS, MO, CME, HCA, X, AMZN, CAKE, WIRE, ESLR, PNRA, and RBAK
Wednesday: BIIB, MNST, PFCB, TASR, UARM, AKAM, BIDU, ESRX, ISRG, KOMG, WFR, SYMC, and ZMH
Thursday: BZH, CELG, XOM, RAIL, ROCK, NEM, PENN, TLAB, LCC, XMSR, DECK, DRIV, FORM, GNSS, KLAC, RACK, and SOHU
Friday: CVX, HCR, and OSTK

Conference/Events Calendar for the week of July 24-28: : Conference/Events Calendar for the week of July 24-28 include:
Monday: BEC AACC Investor Meeting
Tuesday: BFF Investor Luncheon Meeting; MOGN Analyst & Investor Day; MOT 2006 Financial Analyst Meeting
Wednesday: BFF Investor Luncheon Meeting; DADE Analyst Meeting; GE Growth and Margin Expansion Meeting; Fed: Beige Book
Thursday: MSFT Financial Analyst Meeting 2006
Friday: BNK 8th Annual Analyst Conf; COF Sell Side Luncheon.

Tags: Market Review, Weekly Digest