Sunday, June 06, 2010

Weekly Outlook

U.S. Week Ahead by MarketWatch (video).
Wall St. Week Ahead by Reuters.
Stocks to Watch Monday by MarketWatch.
Weekly Economic Calendar by Briefing.com.

BOTTOM LINE: I expect US stocks to finish the week modestly lower on rising economic pessimism, geopolitical tensions, China bubble worries, technical selling, increasing sovereign debt angst and oil spill concerns. My intermediate-term trading indicators are giving mostly bearish signals and the Portfolio is 50% net long heading into the week.

No comments: