OUTLOOK FOR THE DAY LOOKS LIKE they will try to jump the gap on us this morning and see if they can get a rally going after yesterdays slump below the 20. Honestly, I think their chances are good. At the end of yesterday, I would have said chances are good for another down day after looking at yesterdays candle, and seeing where volume was. And it still is. But if I had to guess, I would say a better than 60 percent chance of going up followed by a slight pull back this afternoon. Today is the first day we have a good chance at doubling, but it will be like picking our way through a minefield. Be very cautious... ________________________ ECONOMIC EVENTS: Mon. ISM Services Index, Total Vehicle Sales Tues. Trade Balances Wed. Nonfarm Payroll, Consumer Credit Thurs. Initial Jobless Claims _________________________ TOP EARNERS FOR THE WEEK: Monday Before the Open: Occidental Petroleum (OXY), Pfizer (PFE), Sysco Corp (SYY) After the Close: American International Group (AIG) Tuesday After the Close: Activision Blizzard (ATVI), Electronic Arts (EA), First Solar (FSLR), Groupon (GRPN), Walt Disney (DIS), Whole Foods (WFM) Wednesday Before the Open: Chesapeake Energy (CHK), Devon Energy (DVN), Molson Coors Brewing (TAP) After the Close: Keurig Green Mountain (GMCR), Solar City Corp (SCTY), Tesla Motors (TSLA), Zillow (Z) Thursday Before the Open: DISH Network (DISH), Priceline (PCLN), Regeneron Pharmaceuticals (REGN) After the Close: NVIDIA Corp (NVDA), Silver Wheaton (SLW)
Posted on: Wed, 07 May 2014 13:04:46 +0000