Friday, August 11, 2006

What is ahead next week for stocks

The stock market had a yo-yo week. One example would be: On Wednesday, it was up after the Cisco (CSCO) announcement, but it faded away on the same trading day. Then we had the Terror Alert Thursday, it was initially down, but it closed up for the day. And Friday, we had a down day.

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 :
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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