Outlook for the Week (19 June - 23 June 2006)

Been watching the world cup more than the markets recently and i am pretty sure i am not the only one. Just like the markets, the World Cup was filled with big wins, upsets and revivals.

Expect the market to continue its bullishnes during the earlier part of the week and a sell-off (most likely on Friday) to mark the preparation for the next FOMC meeting which begins next Wednesday. How will the second half of 2006 move from here? Well, we will know next week. June triple witching ended with a flat performance from the markets and this strengthened my belief that the bullish trend will continue on Monday. So LONG with caution. According to statistics, the week after June Triple Witching ended with Dow Jones down 14 of the last 16 occurences. Shorting on Thursday looks definitely YUMMY =)