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  - April 24, 2006 Stock Market Recap
at 2006-05-02 21:42:37

We had minimal follow-through on Friday's selling / weakness. My guess is that people pulled back a bit ahead of this week's flood of earnings reports. It sure felt like nobody wanted to commit to anything today.

Surprisingly, I had a rather long list of long candidates after running my scans tonight. But once I checked earnings dates on them I had to cut the list in half. The bu


Source - http://tradermike.net/2006/04/april_24_2006_stock_market_recap

  - Watchlist for April 24, 2006
at 2006-05-02 21:42:37

I think this is the heaviest week of earnings reports so I don't want to put too much weight on any technical setups. But here's a quick look at the Nasdaq and S&P charts:



Once again I'll be focused on the earnings movers for day trades as well a


Source - http://tradermike.net/2006/04/watchlist_for_april_24_2006

  - Manufacturing booms, interest rates and oil prices still on uptrend
at 2006-05-02 21:44:03
It is not just the US economy that is performing well. Reuters reports the global boom in manufacturing.

Manuf


Source - http://skepticalspeculator.blogspot.com/2006/05/manufacturing-booms-interest-rat...

  - US spending up, income up, prices up, manufacturing up, but Fed not worked up
at 2006-05-02 21:44:03
Yesterday's data gave little indication that the US economy is cooling. Reuters reports the news on consumer spending and income:

In Monday's first report, the Commerce Department said consumer spending rose 0.6 percent in Mar


Source - http://skepticalspeculator.blogspot.com/2006/05/us-spending-up-income-up-prices-...

  - US GDP grows 4.8 percent in Q1, outlooks improving in Japan and Europe
at 2006-05-02 21:44:03
The economic news from the US yesterday was dominated by the report on first quarter GDP, which was about as good as expected. From Reuters:

Gross domestic product grew at a 4.8 percent annual rate in the January-March quarter, the C


Source - http://skepticalspeculator.blogspot.com/2006/04/us-gdp-grows-48-percent-in-q1-ou...

   
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