Sunday, August 21, 2011

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 mixed as US tax hike worries, financial sector pessimism, rising eurozone debt angst, global growth concerns and emerging market inflation fears offset short-covering, bargain-hunting and buyout/buyback speculation. My intermediate-term trading indicators are giving mostly bearish signals and the Portfolio is 50% net long heading into the week.

2 comments:

Jay Jay said...

Hello just found your blog. Very interesting. I would like to be added to your blog roll if you could. www.tradingwiththeaveragejay.blogspot.com thanks Jay

Gary said...

Thanks. I'll take a look.