be cautious do not pick bottoms

Everyone, Please be very cautious today.....And don't try pick bottoms IMHO lol :)))

There is more important data coming up tonight and tomorrow night and I'm affraid we will see more red roosters on the US markets.... be careful and protect your money...


Wednesday, July 16, 2008

8:30a.m. Jun Consumer Price Index: Expected: +0.7%. Previous: +0.6%.
8:30a.m. Jun CPI, Ex-Food & Energy: Expected: +0.2%. Previous: +0.2%.
9:00a.m. May Treasury International Capital Flows: Previous: $60.6B.
9:15a.m. Jun Industrial Production: Expected: +0.1%. Previous: -0.2%.
9:15a.m. Jun Capacity Utilization: Expected: 79.4%. Previous: 79.4%.
1:00p.m. Jul NAHB Housing Market Index: Previous: 18.


Thursday, July 17, 2008

8:30a.m. Initial Jobless Claims For Jul 12 Week:Expected: +34K. Previous: -58K.
8:30a.m. Jun Housing Starts: Expected: -1.2%. Previous: -3.3%.
10:00a.m. Jul Philadelphia Fed Business Index: Previous: -17.6.
10:00a.m. DJ-BTMU Business Barometer For Jun 28: Previous: -0.1%.