The Market Next Week
The following
is TradingMarkets.com’s synopsis for
the market next week. Included are upcoming stock splits and upcoming
economic events — all of which may impact traders in the coming week.
Scheduled Stock
Splits for the Week of
August 09.
Company |
Symbol |
Ratio |
Payable |
Ex Date |
| Qualcomm | QCOM | 2-1 | Aug 13 | Aug 16 |
Upcoming Economic
Events for the Week of
August 09.
| Date | ET | Release | For | Consensus | Prior |
| Aug 09 |
10:00 | Wholesale Inventories |
Jun | 0.6% | 1.2% |
Aug 10 |
08:30 | Productivity | Q2 | 1.5% | 3.8% |
| Aug 10 |
2:15 | FOMC | |||
Aug 12 |
08:30 | Business Inventories | Jun |
0.7% | 0.5% |
| Aug 12 |
08:30 | Export Prices – ex ag |
Jul | ||
Aug 12 |
08:30 | Export Prices – ex oil | Jun | ||
| Aug 12 |
08:30 | Initial Claims |
08/07 | 340K | 336K |
Aug 12 |
08:30 | Retail Sales | Jul | 1.2% | -1.1% |
| Aug 12 |
08:30 | Retail Sales – ex auto |
Jul | 0.5% | -0.2% |
Aug 13 |
08:30 | Core CPI | Jul | 0.2% | 0.2% |
| Aug 13 |
08:30 | PPI | Jul | -0.1% | 0.3% |
Aug 13 |
08:30 | Trade Balance | Jun |
-46.0B | -46.0B |
The Good News (Maybe) About
Today’s Close
I see that the closing TRIN today was 3.29 —
the last time the TRIN closed this high was on April 30, and a brief rally
ensued. The TRIN also closed high on March 22, and if that date sounds
familiar, check your charts and you’ll see that it was a couple of days before
a major swing low. We’ve also got some
CVR buy signals setting up for Monday, so we’ll see.
Learn To Use The Site
Make sure you read
Larry Connors’ Battle Plan. In it, he lays out a step-by-step plan to
use TM to help you make money.
New!
You may have noticed a new feature on the home page.
We’ve added some alerts from
TradersWire.
As Yogi Berra said, “You can see a lot just by observing” and that is really
true in TradersWire. I am continually impressed by the level of knowledge and
trading ability of some of the TWI members. If you want to learn about the
market, try TWI. Feel free to click on the link and join us any time.
Options Income
Stream System
I think you’ll like this system. It’s easy to follow and really takes the
guesswork out of options trading. And, it’s 10% this weekend only.
Click here. Hurry, sale ends Monday, August 9.
John Carter Seminar – 1 Week Away!
I think I mentioned previously that the gap
strategy John Carter teaches in his seminar is worth the entire cost of the
seminar. He’s got a lot more than just that, though, and he’ll be teaching all
of it next weekend in his live seminar.
My recommendation?
Be there.
Here’s
a conference call with John and Hubert
Gary Kaltbaum’s Strategies — Now
You Can Learn Them
Gary Kaltbaum is the master of the breakout and of the
gap.
All his trading strategies are in his book “The Investors Edge.” Now
you can take this material to a whole new level with his new CD-ROM
Trading The Kaltbaum 7-Step Methodology. You’ll be trained bar-by-bar on
exactly how Gary does it. Don’t miss this great opportunity to improve your
trading…click
here!
TradersWire Tour
Every Thursday at 9 AM PT (Noon ET) I give a
20-minute audio/visual presentation on how you can use
TradersWire to help your trading. Join me…Click
here.
Have a great weekend!
P.S.
Stay in touch with the latest happenings at TradingMarkets.com. Check
What’s New @ TradingMarkets on a regular basis.
P.P.S. Please make sure to read Dave Landry’s column…it’s hilarious!