Overall the trading on the down day is higher on the up days. This is a clear indication that the market is heading lower in the short term. I would not be too greedy in getting any buying positions. Hold your cash for now.
Event Calenders from Yahoo:
Earnings Preview for the week of Aug 14th-18th :Tags: Market Review, Weekly Digest
Monday: HEW, MEND, NVAX, PACT, ROC, SYY, VAL, WRNC, PARL, A, CA, CNCT, CPII, DWRI, DEIX, HSOA, JAS, KING, NWRE, and NTES
Tuesday: AEOS, BRL, BJ, CTR, DE, DKS, FOSL, HD, SKS, SCHS, SPLS, STP, TJX, WMT, ANF, AMAT, GOLF, HAR, LZB, PBY, PETM, PLAB, and SNDA
Wednesday: BLI, BBA, CHRS, CPA, DAKT, EL, GMTN, MGPI, ROST, SHMR, TLB, TWB, ARXX, BEAS, CAI, CTRN, GYMB, HPQ, HOTT, LDG, MW, NTAP, PSEM, CRM, SNPS and ZUMZ
Thursday: BKS, CMRG, CCBL, PLCE, CMED, CLE, RDEN, FLOW, GME, LTD, LTON, NWY, NUCO, OHB, SHLD, SCVL, SMRT, ARO, ADSK, BEBE, BRCD, CALL, CPWM, DELL, DV, DITC, FMCN, FL, GPS, HIBB, MRVL, NEXT, NINE, JWN, RMD, SCSC and ZIGO
Friday: ANN, SJM and WTSLA.Conference/Events Calendar for the week of August 14-18: :
Monday: BBG, WLL, HERO, NGAS at EnerCom 11th Oil & Gas Conf; WM at Keefe, Bruyette & Woods, Inc. Large Cap Bank Conf
Tuesday: Credit Suisse's Boston Networking / Communications Equipment & Optical Components Conf; GSX, CRZO, SFY, FST, PLLL at EnerCom 11th Oil & Gas Conf; Keefe, Bruyette & Woods, Inc. Large Cap Bank Conf
Wednesday: EPD Analyst Meeting; TPP Analyst Meeting; VVUS Qnexa Program Update Conf Call; ADTN, FDRY, PWAV, RBAK, SEAC at Credit Suisse's Boston Networking / Communications Equipment & Optical Components Conf; BRY, NBR, UNT, COG at EnerCom 11th Oil & Gas Conf; Fed: Fisher talks at Real Estate conf
Thursday: TCF Analyst Day; YUM 2006 Period 8 Sales Release; GW, ROSE, SPN, OIS at EnerCom 11th Oil & Gas Conf; Fed: Fisher talks at community luncheon; Kroszner speaks at banking conf
Friday: Jefferies & Co. 2nd Annual Industrial CEO Summit.
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