Saturday, August 15, 2009

Weekly Preview 17-21 August...

Well, last week's wave of retail earnings is followed up by this week's tsunami of them. Besides retail, there's not much of interest in the way of earnings reports. The bears were actually able to get something going towards the end of last week, so I wonder if they'll be able to follow through, or at least stop the relentless uptrend.

There are also some big macro releases this week. I will defer to Michael McDonough's blog for a better description and overview of those than I could give. It is located at http://fiateconomics.com/

Earnings will continue to pour in this week, too. I use www.earnings.com as my source for earnings reports. These are very important to follow because they have a way of scrambling up the charts. I don't like being in stocks before they report earnings unless I am somehow hedged, be it through reducing my position size or some options action or whatever. I've come to view earnings as a very binary event, a coin flip, if you will. Loading up heavily one way betting on the outcome of a report AND the market's reaction is a very risky endeavour.

The same listing convention still applied. If it reports after the close Tuesday or before the open Wednesday or is shown as Wednesday with no given time, it is listed here as Tuesday. I've also listed the previous Friday's here, too.

I have bold-faced reports that could potentially affect present picks.

Friday: LOW,

Monday: A, TSL, CAH, HD, SKS, SOLF, TGT, TJX,

Tuesday: ADI, HPQ, LZB, BJ, DE, EV, GYMB, NTAP, PERY, TWB, YGE,

Wednesday: HAR, HOTT, JDSU, LTD, PVH, BKS, BONT, DKS, DITC, FL, GME, HNZ, HRL, NM, PDCO, RTP, ROST, SHLD, SFL, GASS, SMRT, STP, TECD, BKE, PLCE, WTSLA,

Thursday: ARO, BRCD, JRJC, GPS, HIBB, INTU, JMBA, MENT, OTEX, PSUN, CRM, ZUMZ, ANN, SJM,

Friday: none

Position: none

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