Pick The Dow

[Bostongambler]

Down on Tues.

[bazanster2]

BG,

NEW YORK (CNNMoney.com) -- U.S. stocks looked set for a higher start Tuesday as
Merrill Lynch's move to shore up its financial condition appeared to boost the
banking sector.

Econmic Report:
Consumer Confidence 10am(Eastern)

Consumer Confidence number is expected by be in line at around 50.0
After yesterday´s sharp sell-off looking for a small bounce here.
Going with UP on Tuesday,

gl,

baz

[Bostongambler]

+158

[Bostongambler]

+266


Good call Baz

[Bostongambler]

Down on Hump Day

[bazanster2]

BG,


Economic Reports:
ADP Employment 8:15am(Eastern)..showed U.S. private employers unexpectedly added 9,000 jobs in July

Crude Inventories 10:35

Speculating that the better than expected ADP Employment report,
the Housing Bill and lower oil inventories will help the Market today.


Going with UP on Hump Day,

gl,

baz
.................................................. ............


NEW YORK (CNNMoney.com) -- President Bush on Wednesday signed into law a sweeping housing bill
that aims to boost the struggling housing market and bolster mortgage finance giants Fannie Mae and Freddie Mac.
The Senate voted 72-13 in favor of the bill on Saturday, after the House passed it three days earlier.

HARARE, Zimbabwe (AP) -- Zimbabwe will knock 10 zeros off the country's hyper-inflated currency next month,
making 10 billion dollars one dollar, the nation's central bank governor said Wednesday.
Just last week Gono introduced a new 100 billion-dollar note that is not enough to buy a loaf of bread.
Central bank Gov. Gideon Gono son Aug. 1 the bank will issue a 500-dollar bill equivalent to 5 trillion dollars at the current rate.

[Bostongambler]

+186.13


Good call Baz. Yesterday oil went down and the Dow went up/// Today oil went Up as did the Dow

[Bostongambler]

Down on Thurs.

[bazanster2]

BG,
Economic Reports:
Chain Deflator-Adv.(8:30am)
Employment Cost Index(8:30am)
GDP-Adv.(8:30am)..................Expecting 2.4% Annualized rate.
Intial Claims(8:30am)
Chicago PMI(9:45am)

Futures erased an earlier advance after the Commerce Department said the economy grew at a 1.9 percent rate
from April through June, less than estimated, and revised the fourth-quarter figure to show business activity contracted.

Going with DOWN on Thursday,

gl,

baz

[Bostongambler]

-205

[Bostongambler]

Down on Friday.

[bazanster2]

BG,

General Motors Corp. says its losses widened to $15.5 billion in the second quarter as North American sales plummeted

Oil slips below $124 a barrel on worries about slowing demand in US,
other developed countries.

Economic Reports:
Auto Sales 12:00am(Eastern)
Truck Sales 12:00(Eastern)
Average Workweek 8:30 am(Eastern)
Hourly Wagers 8:30am(Eastern)
Nonfarm Payroll 8:30am(Eastern)
Construction Spending 10:00am(Eastern)
ISM Index 10:00am(Eastern)

Hard call today.
Despite GM news, Futures not down that much.
briefing.com expects Economic numbers to be in line to slightly better than expected.
Oil prices down.
Going to go with UP on Friday.

Have a Great Weekend,

gl,

baz

[Bostongambler]

-51.47

[Bostongambler]

Down on Monday.

[bazanster2]

BG,

Good call Friday.

NEW YORK (AP) -- Wall Street headed toward a slightly lower opening Monday after
the government issued a disappointing report on consumer spending.

Factory Orders 10:00am(Eastern)

Going with DOWN on Monday,

gl,

baz

[Bostongambler]

-80 an hour in

[Bostongambler]

Will it get to 10,000 before it gets to 14,000.

[Bostongambler]

At 11,241 now.

[bazanster2]

BG,

Futures point to a higher open ahead of the FOMC policy announcement at 2:15 ET.
The Fed is expected to leave the fed funds rate unchanged at 2.00%
(fed funds futures imply a 93% probability rates will remain unchanged).
Giving futures a boost this morning is a 1.9% drop in crude prices to $119.07per barrel.

Economic Reports:
ISM Services 10:00am(Eastern)
FOMC Policy Statements 2:15am(Eastern)

Going with UP on Tuesday,

Personally think that the DOW will get to 10,000 before it returns to 14,000.

gl,

baz