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"

http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=GILD

GENZ (BULLISH TREND REVERSAL) (Closed $59.50)

$65.00 Preliminary target within the next 30 days "trading days"

http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=GENZ

CEPH (BEARISH TREND REVERSAL STILL BUT THAT SHOULD CHANGE SOON) (Portfolio Stock Already)

$70.00 Preliminary target within the next 30 days "trading days"

http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=CEPH

OSIP (BULLISH TREND REVERSAL) (Portfolio Stock Already)

$32.00-$3400 Preliminary target within the next 30 days "trading days"

http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=OSIP

SEPR (BULLISH TREND REVERSAL) (Closed $51.77)

$57.50 Preliminary target within the next 30 days "trading days"

http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=SEPR

CELG (BEARISH TREND REVERSAL STILL BUT THAT SHOULD CHANGE SOON) (Closed $41.45)

$48.00 Preliminary target within the next 30 days "trading days"

http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=CELG

BBH best way to play the sector but will likely offer the least % upside gains, but also less risky

Most oversold sectors ETF's looking for a bounce

Homebuilders

http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=XHB

NET'S

http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=HHH

CHIPS

http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=SMH

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