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This Week's Market Calendar
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Monday:
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9:45 AM
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Chicago PMI
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Tuesday:
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10:00 AM
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ISM Index
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Wednesday:
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10:30 AM
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Crude Inventories
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Thursday:
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8:30 AM
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June Employment Report
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Friday:
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Markets Closed - July 4th Holiday
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Market Events For Monday - June 30, 2008
Expected Earnings Report Dates for Widely-Held Companies:
Economic Data and Reports:
| 9:45 AM - Chicago PMI |
| 10:00 AM - Mich Sentiment-Rev. |
| Pyramid Oil (PDO) - Stock Split 5 for 4 |
Free BetterTrades Trading Classrooms:
"Fast Fun Cash Trading the Downside" at 11:00 AM - EST - Darlene Nelson Powell
"Cashing in on Market Curveballs" at 12:00 PM - EST - John White
"Trend Trading" at 1:00 PM - EST - Markay Latimer
"Recorded : The Art of Daily Cash Flow" at 4:30 PM - EST - Bob Eldridge
Market Events For Tuesday - July 1, 2008
Expected Earnings Report Dates for Widely-Held Companies:
| Apollo Group Inc. (APOL) |
| Constellation Brands Inc. (STZ) |
Economic Data and Reports:
| 12:00 AM - Auto Sales |
| 12:00 AM - Truck Sales |
| 10:00 AM - Construction Spending |
| 10:00 AM - ISM Index |
Free BetterTrades Trading Classrooms:
"Flicker To Flame Understanding Candle Patterns" at 11:00 AM - EST - Ryan Litchfield
"Lower Risk - High Return Trading"
at 12:00 PM - EST - Darlene Nelson Powell
"Short Term Trading Mini - Lab" at 1:00 PM - EST - Bob Eldridge
"RECORDED:Ultimate Scans" at 2:00 PM - EST - Markay Latimer
"Empowering Outrageous Returns" at 4:30 PM - EST - Darlene Nelson Powell
Market Events For Wednesday - July 2, 2008
Expected Earnings Report Dates for Widely-Held Companies:
| Family Dollar Stores Inc. (FDO) |
Economic Data and Reports:
| 8:15 AM - ADP Employment |
| 10:00 AM - Factory Orders |
| 10:30 AM - Crude Inventories |
Free BetterTrades Trading Classrooms:
"Three Amigos (Using Technical Power Tools)" at 11:00 AM - EST - Ryan Litchfield
"Become A Hands Off Millionaire" at 12:00 PM - EST - John White
"Forty Cents to Financial Freedom" at 3:00 PM - EST - Darlene Nelson Powell
"Selecting The Stocks That Work - Everyday!" at 6:00 PM - EST - Bob Eldridge
"RECORDED : Fast Fun Cash Trading the Downside" at 10:00 PM - EST - Darlene Nelson Powell
"Pattern$ and Profit$" at 10:00 PM - EST - Ryan Litchfield
Market Events For Thursday - July 3, 2008
Expected Earnings Report Dates for Widely-Held Companies:
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NO MAJOR EARNINGS ANNOUNCEMENTS
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Economic Data and Reports:
| 8:30 AM - Average Workweek |
| 8:30 AM - Hourly Earnings |
| 8:30 AM - Initial Claims |
| 8:30 AM - Nonfarm Payrolls |
| 8:30 AM - Unemployment Rate |
| 10:00 AM - ISM Services |
Free BetterTrades Trading Classrooms:
"Learning Bracket Trading" at 11:00 AM - EST - Ryan Litchfield
"RECORDED: Monster Momentum Plays" at 12:00 PM - EST - Markay Latimer
"DarleneNelson.com Products and Workshop Overview" at 1:00 PM - EST - Darlene Nelson
Powell
"RECORDED : Roadmap to Retirement" at 4:30 PM - EST - John White
"RECORDED : Empowering Outrageous Returns" at 9:00 PM - EST - Darlene Nelson
Powell
Market Events For Friday - July 4, 2008
MARKETS CLOSED - JULY 4TH HOLIDAY
Market Events For Saturday - July 5, 2008
Free BetterTrades Trading Classrooms:
"Recorded : The Art of Daily Cash Flow" at 10:00 AM - EST - Bob Eldridge
"Fast Fun Cash Trading the Downside" at 1:00 PM - EST - Darlene Nelson Powell
"Make $1,000 a Day Trading the QQQQ" at 2:00 PM - EST - Darlene Nelson Powell
"Lower Risk - High Return Trading" at 3:00 PM - EST - Darlene Nelson Powell
Last Week In Review
It's more of the same for the stock market, which can't seem to break away from the spectacle of record high oil prices, as the major indices all broke to weekly lows by the end of trading on Friday. There seemed to be little positive news this week as the markets finished the highly volatile week down. Numerous economic reports were released this week and they were received with mixed sentiment. Consumer confidence retreated once again in June, to its lowest in 16 years as high inflation continued to curtail confidence. In addition, home prices plummeting by a record 15.3% over the past year, and new-home sales dropped 2.5% in May, along with home prices being down 5.7% from a year earlier. In other economic news, orders to factories for big-ticket manufactured goods were basically flat in May after declines of 1% in April and 0.2% in March. One had to look hard for positives this week, but new filings for unemployment benefits did hold steady and there was 1% annualized increase in GDP for the January-to-March quarter. Also, "core" inflation increased 2.3% but marked temperance from the prior quarter's 2.5% pace Exports increased at a 5.4% pace, down from a 6.5% growth rate in the prior quarter. Oil traded modestly early in the week, but Thursday's and Friday's trading changed all that by gaining nearly $6 to finish at $140.21 a barrel, while gasoline closed the week down to $4.066 a gallon. The week ahead will see numerous economic data reports including the important Factory Orders report for May, ISM data, Initial Claims and the Unemployment Rate, all for the month of June.
The DOW closed the week lower, losing 493.98 points, or 4.1%, to close at 11,348.71. The S&P retreated 2.9%, giving up 39.43 points, ending the week at 1,278.50. The NASDAQ was negative as well, withdrawing 3.7%, or 90.46 points, ending the week at 2,315.63.
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