NobleTrading Weekly Update, January 25, 2010
The Week Ahead: Ben Bernanke's confirmation for a second term is losing some support by key Senators but may not be enough to block his second term approval this week. The Fed will hold a two day meeting starting Tuesday culminating in a interest rate decision on Wednesday afternoon. On Monday existing home sales will be released followed by Tuesday's Consumer Confidence report. Wedenesday brings new home sales data. Thursday look for the Durable Goods report. Friday the market gets a peak at the advanced Q4 GDP number for the economy.
Stocks to Watch: Apple Computer (AAPL) will announce earnings after the close on Monday and may introduce a tablet computer, but the stock did break below its 50 day moving average on increasing volume. Texas Instruments (TXN) will also announce at Monday's close as semiconductors have generally been weaker than other tech stocks. Harley Davidson (HOG) is searching for growth oversees in India as a year or more slowdown is expected before a turnaround. Exelon (EXC) declined on a Q4 earnings fall versus a year ago and worries that climate legislation could be in doubt.
Special Note: After reaching new 2010 highs last Tuesday, the Dow Industrials gave up 2 1/2 months worth of gains by Friday. This change of character was confirmed by the weekly MACD indicator as a crossover of the indicators two moving averages to the downside occurred for the first time since a buy signal crossover to the upside last March. The volatility should bring enhanced trading opportunities, but with a sell signal given rally's may be cut short abruptly as investors look to lock in profits from the past year.
Check out NobleTrading's new earnings calendar, upgrades and downgrades, and analyst coverages.
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Stocks to Watch: Apple Computer (AAPL) will announce earnings after the close on Monday and may introduce a tablet computer, but the stock did break below its 50 day moving average on increasing volume. Texas Instruments (TXN) will also announce at Monday's close as semiconductors have generally been weaker than other tech stocks. Harley Davidson (HOG) is searching for growth oversees in India as a year or more slowdown is expected before a turnaround. Exelon (EXC) declined on a Q4 earnings fall versus a year ago and worries that climate legislation could be in doubt.
Special Note: After reaching new 2010 highs last Tuesday, the Dow Industrials gave up 2 1/2 months worth of gains by Friday. This change of character was confirmed by the weekly MACD indicator as a crossover of the indicators two moving averages to the downside occurred for the first time since a buy signal crossover to the upside last March. The volatility should bring enhanced trading opportunities, but with a sell signal given rally's may be cut short abruptly as investors look to lock in profits from the past year.
Check out NobleTrading's new earnings calendar, upgrades and downgrades, and analyst coverages.
Click Here To Open An Account
NobleTrading Direct Access Trading
NobleTrading.com Offers Online Stock Trading, Online Options Trading
Online Futures Trading, Online Forex Trading
Worldwide Brokerage Service, Day Trading Brokerage
posted by NobleTrading at
10:44 AM
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