Monday,%20830am,%20Personal%20Income,%200.1%Monday,%20830am,%20Personal%20Spending,%200.3%Monday,%20830am,...){kind=link}
Day Trading -pt2
Daily Stock Report for Monday Morning, March 29
, 2010 pt2Summary Opinion
All of the major indexes have surprised the January highs and has resumed its bull market run that started over a year ago on March 10, 2009. The current assumption is the bull run should continue to make higher highs after any pullbacks.
Calendar (All Eastern times)
Monday, 830am, Personal Income, 0.1%
Monday, 830am, Personal Spending, 0.3%
Monday, 830am, Personal Consumption Prices, 0.1%
Tuesday, 900am, Case Shiller Home Index, -0.6%
Tuesday, 1000am, Consumer Confidence, 50.0
Wednesday, 815am, ADP Employment Change, 40K Wednesday, 945am, Chicago PMI, 61.0
Wednesday, 1000am, Factory Orders, 0.5%
Wednesday, 1030am, Crude Oil Inventories, 7.25M
Thursday, 830am, Continuing Claims, 4,600K
Thursday, 830am Initial Claims, 440K
Thursday, 1000am, Construction Spending, -1.0%
Thursday, 1000am, ISM Index, 57.0
Thursday, 200pm, Auto and Truck Sales, 3.7M, 4.2M
Friday, 830am, Nonfarm Payrolls, 190K,
Friday, 830am, Unemployment rate, 9.7%
Friday, 830am, Avg, Workweek, 33.9 hours
Friday, 830am, Hourly Earnings, 0.2%
Follow-up notes:
COT, Cott Corp moved up over $8 and this was sold off stock list. This has performed better than expected when it stayed at $7.50 for days before finally breaking through.
TM, Toyota got a little ahead of itself Tuesday and has had a few days to consolidate. This should regain back on an uptrend this next couple of weeks.
Focus chart: (Worden Stockfinder chart)
SOMX, Somaxon Pharmaceuticals is following the typical pattern of a bullshort of moving up in this case, from $4 to over $10 and had a milder correction than normal on the first drop and now it has been retesting the highs with Friday showing typical signs of staying below the first high and these usually go to a lower low. All this is explained very well in The Wizard Training Course.
Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Use the stock table above as a model portfolio of ideas that look attractive at the time of the writing. Comments can be hypothetical in nature. Opinions expressed in these reports may change without prior notice. Disclaimer - Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
by: Mitch King What Makes a Good Trading System? PENSAMENTO ESTRATÉGICO Finding Good Balloon Wholesalers Day Trading -pt1 Commodity Option Trading System - What You Need to Know to Get Started Better Strategic Planning Drives Bottom Line Results Pashmina Scarves Wholesale Suppliers Recomendaciones Y Consejos De Sesiones Y Horarios Para Mejorar Su Trading En Mercado Fx Motives For Employing a Trading Robot in the Trading Day Trading Rules For Options Find Marble and Tiles Wholesale Distributors Multi Account Manager helps you cut your trading workload The Best Day Trading Chart Pattern