This Week in Stocks: 6/30 - 7/06/07

**Show-me** · 07-01-2007, 02:58 PM

From Briefing.com

The Week Ahead

Last Update: 29-Jun-07 12:45 ET

We are deviating a bit from our normal "Week Ahead" format due simply to the fact that there would be a lot of empty space on the page if we stuck by the regular format this week.
The Independence Day holiday is the reason for the change, as it has understandably caused the pushback of scheduled activity in the corporate world.
There aren't any investment conferences in the coming week and the earnings calendar is essentially empty.
San Francisco Fed President Yellen, meanwhile, is the only Fed official scheduled to give a speech. Yellen will be in Singapore on Friday to talk about the international dimension of risk as it relates to capital flows and asset prices.
The one area of interest during the week will be the economic front, which features the ISM Index, a report on national manufacturing activity, at the beginning of the week (July 2) and the June employment report at the end of the week (July 6).
Added detail on those reports, and other less influential ones, can be found via the links on our Economic Calendar page.
In observance of the Fourth of July holiday, the Bank of England will convene to discuss how England ever lost the Revolutionary War. We're kidding! The Bank of England, however, does start a two-day policy meeting on the fourth while the European Central Bank is scheduled to hold its policy meeting on the fifth.
The stock market will close early at 1:00 ET on Tuesday, July 3, and will remain closed on the Fourth of July. Trading will resume in its regular fashion on Thursday.

**Show-me** · 07-01-2007, 03:04 PM

Short week, July 3rd shortened trading day and July 4th Holiday.

First trading day in July Dow up 14 of last 17. But, 100+ point losses in 2002 and 2004.

July begins NASDAQ "worst four months".

**Show-me** · 07-02-2007, 12:01 PM

I'm seeing a early flight to the G fund.

**FundSurfer** · 07-02-2007, 12:43 PM

Food for thought: This week will likely be low volume. Many folks will be taking vacation this week to take advantage of the holiday. Low volume is when the Big Boyz like to play games. The news seems a bit Bearish to me - the UK terrorist, the falling dollar, last weeks stock market slide. This could bring out shorts... which would lead toward an early stock market dip. The big boyz may even help this along by selling some themselves. Then they turn it around and buy and trap some shorts.

How that for a conspiracy theory?

**Gilligan** · 07-02-2007, 02:22 PM

Originally Posted by Show-me

I'm seeing a early flight to the G fund.

I'm thinking about flying there myself, but this mornings gap up has me concerned that the market will fill in the gap and close in the red.

**tsptalk** · 07-02-2007, 02:40 PM

Originally Posted by FundSurfer

Food for thought: This week will likely be low volume. Many folks will be taking vacation this week to take advantage of the holiday. Low volume is when the Big Boyz like to play games. The news seems a bit Bearish to me - the UK terrorist, the falling dollar, last weeks stock market slide. This could bring out shorts... which would lead toward an early stock market dip. The big boyz may even help this along by selling some themselves. Then they turn it around and buy and trap some shorts.

How that for a conspiracy theory?

Looks like the boyz want it both ways. Jack up the prices before they dump??

I'm watching 1518 on the S&P. If we get above that, it is a good sign for the rest of the week. If we can't hit 1518 I'd expect a test of Friday's lows. Of course TA can probably be thrown out the window during a low volume holiday week.

Good luck!

**tsptalk** · 07-02-2007, 02:42 PM

Originally Posted by Gilligan

I'm thinking about flying there myself, but this mornings gap up has me concerned that the market will fill in the gap and close in the red.

It's the 1st trading day of a new quarter. I think the money managers dumped their dogs last week and today are doing some shopping. I'd be really surprised if we turned around and closed red, although that sure has been the trend lately.

**weatherweenie** · 07-02-2007, 07:32 PM

Originally Posted by tsptalk

I'm watching 1518 on the S&P. If we get above that, it is a good sign for the rest of the week. If we can't hit 1518 I'd expect a test of Friday's lows. Of course TA can probably be thrown out the window during a low volume holiday week.

Right at 1518 now.

**weatherweenie** · 07-02-2007, 07:45 PM

Originally Posted by weatherweenie

Right at 1518 now.

I gotta stop doin that.

Everytime I do, it drops.

**Show-me** · 07-03-2007, 12:32 PM

FYI

U.S. stock markets will close at 1 p.m. ET and bond markets closing at 2 p.m. ET ahead of July 4. U.S. financial markets will be closed Wednesday.

Happy Independence Day!

**Gilligan** · 07-03-2007, 12:58 PM

Originally Posted by tsptalk

It's the 1st trading day of a new quarter. I think the money managers dumped their dogs last week and today are doing some shopping. I'd be really surprised if we turned around and closed red, although that sure has been the trend lately.

Thank you for that good call yesterday Tom, I thought the markets might fill in that gap yesterday like they do so often.