Today is June 1st 2006 (Voice Update To Follow Later This Morning And I Will Expand On This Short Term Outlook)
Overall--June Rally with some whipsaw the first few days
**These Stocks and targets are only a preliminary outlook gauged by the patterns, structure and weekly/monthly trends all subject to be raised or slightly modified over the next few days to week or so. If the stock isn't ALREADY in the portfolio table this isn't a "BUY TODAY ALERT" but just what I see as a higher probability scenario over the next month and into early summer. More updates to follow covering a broader area of sectors and markets. (Including Metals, Banks, Utilities, Transportation, Small, Mid And Large Caps Etc:)
GILD (BEARISH TREND REVERSAL STILL BUT THAT SHOULD CHANGE SOON)(Closed $57.33)
$65.00 Preliminary target within the next 30 "trading days"
Most Hyped Up News Flow this month (This is best guess on the news flow hype)
1. Bird Flu creeping in “maybe”
2. Hurricanes a coming
3. $USD gets boost and the credit or blame will be the Fed but the forex traders will be most slapped around (except hopefully not the ones on this site…hehe)
4. Commodities what happened? But the stocks aren’t as bad as we thought
5. Conspiracy in a major commodity sector related rumors of scandel
SP500 (Futures) Forecast Chart For The Next 60-90 Days Subject To Hit Target Early
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