Overall the market is quite healthy with the help of the following: price of oil dropped below $60, FED is holding off for more hikes, economy is moderating not in recession mode.
I think the Nasdaq will break the 52-week high next week. If we can see more volumes to the upside, then we can go back to margin again and celebration is coming. Furthermore, X'mas is coming. November and December are usually friendly for the market.
Event calenders from Yahoo for next week:
Earnings Preview for the week of Oct 16th-20th: : Of the hundreds of companies reporting earnings the week of Oct 16th-20th some of the bigger names include:Market Review, Weekly Digest
Monday: ASYT, MAT, OSI, PPDI, SONC, and WERN.
Tuesday: ADTN, BOT, EMC, FRX, FCX, JNJ, MER, UTX, IBM, INTC, LLTC, MOT, NVLS, USNA, and YHOO.
Wednesday: ABT, BSX, CDWC, GD, ITW, OXY, STJ, AMD, AMLN, AAPL, CTXS, ET, EBAY, GILD, JNPR, NVEC, and STLD.
Thursday: BAC, CHKP, C, KO, LLY, MCD, NDAQ, OXPS, BTU, PFE, REDF, RS, UNH, WYE, BRCM, FSL, GOOG, RMBS, RBAK, SNDK, SIRF, VRSN, and XLNX.
Friday: MMM, ACMR, ACI, CAT, MRK, SGP, SLB.
Conference/Events Calendar for the week of October 16th-20th: : Monday: ROC Analyst/Investor Day; TRMS to Release Third Quarter 2006 FUZEON Sales Results; TGT Sales Release; AKNS, OEGY at SEPA Solar Power 2006 Conf; DELL: Speaker Series - International - SVP Paul Bell & SVP Steve Felice; OMRI to Webcast Review of Thrombin Phase 3 Clinical Trial Results on October 16, 2006; SLXA at Genomes, Medicine, and the Environment Conf.
Tuesday: FDO Analyst Meeting; MAA Institutional Investor Day; NRG Analyst Conf; OXGN at IBC USA 4th Annual International Antiangiogenesis Conf; SGEN, DVSA, DYAX, IMGN, TGEN at BIO Investor Forum 2006; CALD Webcom Software Business 2006 Conf.
Wednesday: ECLP Analyst Meeting; MDRX to Host 2006 Investor Day; MAA Institutional Investor Day; ARRY at Inflammation Research Association Fourteenth International Conf; DOW at Intertech Light Emitting Diodes Conf; ENB Day 2006; SGEN, DVSA, DYAX, IMGN, TGEN, COLY at BIO Investor Forum 2006.
Thursday: JBL Mid-Year Analyst Meeting; AVGO, CYCC, MDV, RIGL, GHDX at BIO Investor Forum; BRS, VTS, EOG, SWN, DVN at Deutsche Bank Securities Fall Energy Conf; SWHC CEO Signature Series Interview.
Friday: SYT Q3 2006 Syngenta Sales Release; BBG, SM, UPL, CNQ, NBL at Deutsche Bank Securities Fall Energy Conf.
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