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Daily Stock Report for Friday Morning, February 19, 2010 pt2Summary Opinion We are at a critical level that could establish a downtrend if lower lows are made or this could be just a pullback within an uptrend. The odds of a downtrend starting is becoming more likely looking at recent trading action.Calendar Tuesday, 200pm, ET, Treasury Budget, -$46.0BWednesday, 830am, Building Permits, 615KImport-Export Prices, Mortgage Applications, Wednesday, 830am ET, Housing Starts, 580KWednesday, 1000am, Treasury Budget, -$60BWednesday, 915am ET, Industrial Production, 0.8%Wednesday, 915am ET, Capacity Utilization, 72.6%Wednesday, 200pm ET, FOMC Meeting Minutes Thursday, 830am ET, Continuing Claims, 4500KThursday, 830am ET, PPI, 0.8%Thursday, 1000am ET, Leading Indicators, 0.5%Thursday, 1100am ET, Crude Oil Inventories, 2.42MFriday, 830am ET, CPI, 0.3%Follow-up notes: ATPG, ATP Oil and Gas didnt get to the $20 figure and commodities did turn over as expected. This should drop to low $16s for a nice profit on the short side.AEA, Advance America. Consider small short position over $6. Use a 30 minute chart to look for top in chart. TM, Toyota Motors stock dropped further again today so...more
Daily Stock Report for Tuesday Morning, February 23, 2010 pt2Summary Opinion We are at a critical level that could establish a downtrend if lower lows are made or this could be just a pullback within an uptrend. Start gradually peeling off long...more
Daily Stock Report for Thursday Morning, February 25, 2010 pt1Stocks moved up from the open today and stayed in positive territory all day, closing up most of the losses from yesterday. The Dow30 closed up 0.9%, Nasdaq Composite and the S&P 500 both...more
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