Posts Tagged ‘market outlook; 2qtr earning;’

2 Qtr Earnings & Market Outlook

Monday, April 12th, 2010

The 2 qtr earning will start on 4/12/2010 with AA & CF reporting after the bell.

It is interesting to note that the major indexes is approaching major resistance (weekly chart); Namely the SPX & DJIA.

Two scenarios are likely to happen; 1. The market will sell-off for a quick 5%-10% correction or 2. Explode past the major resistance; It is unlikely that scenario 2. will happen as expections for a strong 2 qtr is already discounted.

Below are 3 major charts in weekly timeframe.
DJIA — Weekly Chart

Nasdaq — Weekly Chart

S&P500 — Weekly Chart

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