TheOptionMentor.com: THIS WEEK'S MARKET MOVERS

Monday, July 9, 2012

THIS WEEK'S MARKET MOVERS

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Monday:
Economic: Consumer Credit. Ongoing wildcard Eurozone credit markets.

Earnings: Aluminum outfit and Dow constituent Alcoa (AA) unofficially kicks off the Q2 earnings season after the close. Analysts expect profits of $0.06 per share compared to the prior year's $0.32 per share on revenues of $5.82B. Technically, PS Elliott is flashing mixed signals with AA nearly triggering a daily chart W4 EBOT sell. Longer-term, a nine-month double / triple bottom has completed its fifth wave and produced an EBOT buy signal.

Tuesday:
Economic: NA.

Earnings: Shaw (SHAW), Wolverine (WWW).

After Hours: ADTRAN (ADTN).

Wednesday:
Economic: Trade Balance (-$48.9B), Wholesale Inventories (0.3%), FOMC Minutes.

Earnings: Marriott (MAR).

Thursday:
Economic: Weekly Claims (375K), Continuing Claims (3.3M), Import / Export, Treasury Budget.

Earnings: Fastenal (FAST), Infosys (INFY), Progressive (PGR).

After Hours: Google (GOOG).

Friday:
Economic: PPI & Core (-0.6% & 0.2%), Michigan Sentiment (73.5).

Earnings: JPMorgan (JPM), Wells Fargo (WFC).

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Trading the Market Structure

Trades are set up using the "Trading the Market Structure" method. It is derived by taking the most common trading methods, Delta Neutral Trading, Swing Trading, and Trend Trading, and combining them into one system. By combining them in this fashion they offset each other's weaknesses, thus creating an unusually effective strategy.

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Market Structure/Entry Points/ Weekly Chart/ Daily Chart/ 30m Chart/ 10m Chart

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