THIS WEEK’S ISSUE:
• In-Play: The Global bailout – Continues!
• Market Commentary: DJIA ($INDU), S&P 500 ($SPX), NASDAQ ($COMP)
• Update: CBOE Volatility Index ($VIX)
• This Week’s Economic & Earnings Reports
• NEW PROGRAMS!

We must break above 950, then 1,025 (previous short-term high) on the S&P 500. All other technical descriptions below:

The next three 6-month charts show several important technical aspects of today’s action. With the exception of the NASDAQ (the best performer), both the DJIA and SPX formed doji on massive volume. The doji are long-legged, signifying extreme indecision (confirmed by the 1,000 point range in the DJIA). Notice how volume it “back to normal” levels.

THIS WEEK’S ISSUE:
• In-Play: The Battle for Wachovia (WB)
• Market Commentary: S&P 500 ($SPX), NASDAQ ($COMP)
• Update: Russell 2000 Small-cap Index ($RUT)
• Update: NYSE/NASDAQ/AMEX New-Highs/New-Lows Index, CBOE Volatility Index (VIX)
• Currencies: U.S. Dollar Index ($USD), Euro Index ($XEU)
• Commodities: Crude Oil ($WTIC), Gold ($GOLD)

THIS WEEK’S ISSUE:

* In-Play: $700 Billion Bailout – Deal Reached!
* In-Play: Short-Sellers Report Holdings
* In-Play: Citigroup (C) & Wells Fargo (WFC) Bid for Wachovia (WB)
* Market Commentary: DJIA, S&P 500
* Update: CBOE Volatility Index (VIX)
* Update: NYSE & NASDAQ Hew Highs-New Lows Index (NYHL, NAHL)
* This Week’s Economic & Earnings Reports

In this article I perform technical analysis of SPY. Moreover, I analyze an options strategy which will suit to the current situation.

This article includes technical analysis of Garmin, Ltd (NASDAQ:GRMN) using gap analysis, chart pattern (wedge). Moreover, various option strategies are reviewed as possible methods of entering a position on Garmin, Ltd. These strategies include Long at-the-money call, long in-the-money call, synthetic stock buy and finally my favourite ratio spread.

HERE IS A LIST OF STOCKS THAT TYPICALLY HAVE THE BIGGEST REACTIONS AFTER EARNINGS. THESE STOCKS TYPICALLY HAVE AN ABSOLUTE PRICE CHANGE OF 11%-19%.

ISRG
BCSI
AVCI
TZOO
NTGR
AV
CECO
SKX
NILE
SWIR
AMKR
ACF
MSTR
SYNA
HLIT
ARBA
ADBL
MDR
SNDK
AMZN
ALGN
AXCA
INSP
NTRI
ASF
NFLX
ITWO
PCLN.