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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (36773)	4/16/2002 2:38:06 AM
From: Johnny Canuck	Respond to of 68070

This week is options expiration week and with that volatility should pick up dramatically. This week also marks the true beginning of earnings season with a myriad of companies set to confess their performance for the past quarter. If this wasn’t enough a slew of market-moving economic reports, among them Housing Starts, Industrial Production, CPI, and March Leading Economic Indicators will be released. A weak housing number should cause some selling in the market, as this is the last of the remaining "bubbles" that is due to pop. Barron’s had an interesting article on the housing bubble this weekend and the consequences to the economy once this bastion of the consumer finally falls. We still believe here at BuySellShort.com that a double-dip recession is a strong possibility. Hopefully we will be wrong. For active traders there should be many a scalping opportunity with an emphasis on the short side of the market. Still, even in the worst down-cycles there are ! always stocks that pop to the upside. Traders should however adopt a conservative stance to the market this week given the high number of large cap earnings reports that will be released. Among the releases that are expected to move the tech market are those of INTC and MSFT. It is widely expected that MSFT will guide revenues down this week. News to the contrary could spark a rally. It is quite amusing to look back on the events of the last month and amaze at the absolute gullibility of investors as they listened to CNBS and the like and bought stocks based solely on economic data. For the umpteenth time in this bear market the average investor was again sold a market top. buysellshort.com