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 The Weekly Report for July 2nd - July 6th, 2007

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gastaoss



Number of posts : 440
Registration date : 2007-07-01

PostSubject: The Weekly Report for July 2nd - July 6th, 2007   Tue Jul 03, 2007 12:06 pm

July 1, 2007

The Weekly Report for July 2nd - July 6th, 2007

Market Summary
The combination of last week's rising bond yields and the Fed's decision to leave rates unchanged has continued to hinder the performance of the markets. The chart of specific interest this week is of the Dow because four out of the past five trading sessions resulted in doji candles appearing on the chart. These candlesticks are used to illustrate indecision in the market and suggest that the battle between the bulls and the bears is evenly matched. We believe that traders will expect the momentum to continue trending sideways for another week and will wait for the first wave of second quarter earnings before deciding on the market's short-term direction.








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