The Market Next Week
Random Thoughts…
Looks like poor Dave Landry will be eating
his hat! Dave said he would if Google didn’t make its high on its first
trading day. I guess we’ll have to stay tuned for this… Oh, FYI, Dave’s on
vacation next week. Some sort of canoe trip, like Deliverance, I guess.
You can ask Dave about it when he gets back. Mark Oryhon will be away next week
as well.
The Olympics are a pretty good deal for the city
hosting them. At least that’s what they say. Mayor Bloomberg was in Athens
pitching the Big Apple for the 2012 games. Athens has spent almost $8 billion on
the Summer Games so far, and Montreal — remember 1976? — is still paying off
their Olympic debt. Yeah, it’s a pretty good deal, all right.
I put up a brand new TradingMarkets Trading
Lesson of the Week. Topic: the 10 AM Reversal. Check it out. Also, we have
This Weekend’s Trading Lesson from TradingMarkets for you. And,
make sure you read Part 1 of the TradingMarkets How To Make Money In A Bear
Market Course.
I got a few e-mails about the site improvements. Send me your comments — I
enjoy hearing from you.
Are You A Member Of The
Inner Circle?
Don Miller has a new club. It’s
The Don
Miller Inner Circle Professional E-Mini Training Program.
If you
trade the e-minis, this is a good club to belong to, because over the next year,
you’ll not only be mentored by Don himself, you’ll be meeting and corresponding
with other like-minded e-mini traders.
Join the inner circle now!
By the way, here’s a
conference call with
Don from this past week.
Dave Landry’s Ultimate
Bow Ties: Use Them In Your Trading
Dave Landry has a brand-new course, the
Ultimate Bow Ties Strategy. You may know Dave as the
Trend Following Moron, but this powerful reversal
strategy has been a big part of his game plan for a long time. Now, you can
learn it via bar-by-bar simulations in his new course. Not only that, you’ll get
3 follow up conference calls with Dave to insure you’ve got it all down pat.
Order now and save!
Here 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.
Big Cap Earnings Announcements for the
Week of August 23.
Company |
Symbol |
Date |
| Toys R Us | TOY | Monday, August 23 |
| H&R Block | HRB | Tuesday, August 24 |
| H.J. Heinz | HNZ | Tuesday, August 24 |
| Omnivision Technologies | OVTI | Tuesday, August 24 |
| Dollar Tree Stores | DLTR | Wednesday, August 25 |
| Michaels Stores | MIK | Wednesday, August 25 |
| Toll Brothers | TOL | Wednesday, August 25 |
| William Sonoma | WSM | Wednesday, August 25 |
| Dollar General | DG | Thursday, August 26 |
| Krispy Kreme Donuts | KKD | Thursday, August 26 |
Scheduled Stock
Splits for the Week of
August 23
Company |
Symbol |
Ratio |
Payable |
Ex Date |
| Ball Corp | BLL | 2-1 | Aug 23 | Aug 24 |
| Ivax Corp | IVX | 5-4 | Aug 24 | Aug 25 |
| Zebra Technologies |
ZBRA | 3-2 | Aug 25 | Aug 26 |
| Pegasus Communiations |
PGTV | 2-1 | Aug 26 | Aug 27 |
| Bank of America |
BAC | 2-1 | Aug 27 | Aug 28 |
Need more splits
information? Click
here.
Upcoming Economic
Events for the Week of
August 23.
| Date | ET | Release | For | Consensus | Prior |
| Aug 24 |
10:00 | Existing Home Sales |
Jul | 6.80M | 6.95M |
| Aug 25 | 08:30 | Durable Orders | Jul | 1.0% | 0.9% |
| Aug 25 |
10:00 | New Home Sales |
Jul | 1292K | 1326K |
| Aug 26 |
08:30 | Initial Claims |
08/21 | NA | 331K |
| Aug 26 | 10:00 | Help-Wanted Index | Jul. | 38 | 38 |
| Aug 27 |
08:30 | Chain Deflator (Prelim) |
Q2 | 3.2% | 3.2% |
| Aug 27 | 08:30 | GDP (Prelim) | Q2 | 2.8% | 3.0% |
| Aug 27 |
9:45 | Michigan Sentiment (Revised) |
Aug | 94.0 | 94.0 |
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!
brice@tradingmarkets.com
P.S. Let me know what you think of the site
improvements!
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What’s New @ TradingMarkets on a regular basis.
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