Pick The Dow

[bazanster2]

Up on Monday

The big number of the day is the ISM report on manufacturing activity, scheduled for
release after trading begins.
If number fall well under expectations, could derail today's rally.

baz
[img]i/expressions/face-icon-small-smile.gif[/img]

Baz's Artwork

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Over the last 33 years, March, on average, has produced gains of around 1 percent for
the Dow industrials and the S&P 500, according to the Stock Trader's Almanac.
For the Nasdaq, during an election year, March is typically the composite's worst month,
with average gains of 0.4 percent over 33 years, according to Almanac figures.


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Key events in the week ahead

* Monday, the Commerce Department releases figures on personal income and spending for
January. Economists surveyed by Reuters expect that income rose 0.5 percent after
gaining 0.2 percent in the previous month. Spending is expected to have risen 0.4
percent, the same as it did the previous month.

* Also Monday, the Institute for Supply Management (ISM) releases its manufacturing
index for February, which is expected to fall to 62.0 from 63.6 in January.

* Wednesday, the ISM's report on the services sector of the economy, is due.
Economists polled by Reuters think the February index fell to 63.0 from 65.7
in January.

* Also Wednesday, the Federal Reserve releases its latest "beige book" report,
a periodic look at economic conditions supplied by 12 regional Fed banks around the
country.

* On Thursday, the government's January report on factory orders for new U.S. goods
is expected to show a gain of 1 percent, according to Reuters estimates, after
rising 1.1 percent in December.

* On Friday, the government releases its figures on payrolls and unemployment in
February. Economists surveyed by Reuters expect that employers added 125,000 new jobs
in the month after adding 112,000 jobs in January. The unemployment rate is forecast
to hold steady at 5.6 percent.

[Bostongambler]

UP on Tuesday Baz...

[bazanster2]

Going with a small pull back today,

Down on Tuesday

Not very strong opinion.

good lukck today,

baz

[Bostongambler]

Hey Baz, I have to stick with tradition UP on Hump day...

[bazanster2]

"Would surely bet "your up" for hump days, wa,wa,wa !
and would wager this Market Up today too.[img]i/expressions/musicnote.gif[/img]

baz
[img]i/expressions/musicnote.gif[/img] [img]i/expressions/musicnote.gif[/img] [img]i/expressions/musicnote.gif[/img]
[img]i/expressions/sun.gif[/img]

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6:56 AM, Not looking to rosey for my prediction.
Disney may rain on our parade. Just shows you what happens
when you leave to a Mouse[img]i/expressions/face-icon-small-confused.gif[/img]

If Pre-market indicators are too bearish, perhaps best to pass.
US Futures and Markets Indicators

best of luck either way!

[Bostongambler]

I'll do it again Baz... UP on Thursday...

[bazanster2]

We should have known, of course your going to it again and we'll be with you .
Up on Thursday


baz
[img]i/expressions/face-icon-small-smile.gif[/img]

[Bostongambler]

UP on Friday...

[bazanster2]

Bostongambler

Drat, less than expected jobs numbers,

Down on Friday

have a great weekend

baz

[Bostongambler]

Will Martha bring it down baz? UP on Monday...

[bazanster2]

BG,

That's a good point. Perhaps, but the verdict wasn't that great a surprise.
What's surprising is that a definate stop loss wasn't set with trading $250,000
worth of stock. Especially in light of Martha's Wall Street experience.
In terms of her overall wealth, it was a paltry sum.
Sadly, Inclone shares are now only 23% off the $62 mark.
Moral of the story, always use stop losses and don't lie to the Fed.[img]i/expressions/face-icon-small-sad.gif[/img]

================================================== ===


Going with Up on Monday

US Futures and Markets Indicators

MACD still trending down with Slow above Fast (bearish).
Fact that Market finished up despite Employment report is bullish.
Looking for choppy trading this week.

good luck,

baz

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from www.cnn.com

Between the morning of March 12 and last Thursday's close, the Nasdaq has risen by
64 percent, the Dow industrials by 43 percent and the S&P 500 by 46 percent.
But very little of that has come in 2004.

In the last 24 election cycles, in the year of the election, the Dow gained 16 times.

The Dow rose in 20 pre-election years of the last 24 election cycles,
since Theodore Roosevelt took office in 1905, according to the Almanac.


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Key events in the week ahead

* On Wednesday, the Commerce Department releases its January read on wholesale
inventories. Inventories are forecast to have grown 0.4 percent after growing 0.5
percent in December, according to Briefing.com figures.

* Thursday, the Commerce Department releases its retail sales figures for February.
Economists surveyed by Briefing.com expect sales to have risen 0.5 percent after
falling 0.3 percent last month. Excluding autos, retail sales are expected to have
risen 0.5 percent after rising 0.9 percent last month.

* Late Thursday, business software maker Oracle will release its quarterly results.
The company is expected to have earned 12 cents per share, according to First Call
estimates, up from 11 cents per share a year ago.

* According to Briefing.com estimates, business inventories are forecast to have risen
0.3 percent in January, as they did in December, when the Commerce Department releases
its figures on Friday.

* Also on Friday, the University of Michigan releases its preliminary read on consumer
sentiment for March. Sentiment is thought to have risen to 95.2 in March from 94.4 in
February, according to Briefing.com estimates.

[Bostongambler]

UP on Tuesday...

[bazanster2]

Tough call today, going with Down on Tuesday

good luck,

baz

[Bostongambler]

UP on Hump day... GL Baz...

[bazanster2]

DOW has fallen just below it's 50 day moving average.
The January Wholesale Inventories report is due around 10ET.
A bad number could have the Market spiking down.
The DOW has tended to rebound shortly after falling below it's 50
Day Moving Average.

Going with Up on Wednesday

good luck,

baz
[img]i/expressions/face-icon-small-smile.gif[/img]

[Bostongambler]

UP on Thursday...

[bazanster2]

Down on Thursday

[Bostongambler]

Can't stop now Baz... UP on Friday...

[bazanster2]

Look to end the week on a good note- Up on Friday.

good luck,

baz