Nasdaq will breakout or breakdown ?
Macro economic news reported on Friday
New orders for U.S. made durable goods plunged 10.2% in January as aircraft orders dried up after three months of strength, the Commerce Department reported. The decline was the largest since July 2000 and far exceeded the 2.5% drop expected by economists surveyed by MarketWatch. Orders in December rose a revised 2.5%, up from 1.8% previously reported. January's orders were 5.7% higher than in January 2005.
Bad News from Saudi Arabia
Saudi security forces have thwarted an attempted suicide attack at an oil processing facility in Eastern Saudi Arabia. Crude oil jumped more than $2 a barrel and close at
Economic Calendar for next week
Monday - New home sales
Tuesday - Gross Domestic Product (GDP) ; Consumer confidence ; NAPM - Chicago
Wednesday - Personal Income ; Construction Spending ; ISM Mfg Index
Thursday - Jobless Claims
Friday - ISM Non-Mfg Index ; Consumer confidence
That's All. Have a great weekend and enjoy the Carnival !!!
AC
