Traumatic theatre.

The daily dose of big swing on Wall Street on fellow traders and investors on the floor has created lots of knockouts with the 300kilos and 600kilos of punch.It has been a trauma as most of the time it coudn't stand up for a rebout and fallen again on the ringside.

The chief surgeon (President Bush) has injected liquid stimulant ($150 billion economic stimulus package) but has yet to go downstream into the organ system.It's too slow to penetrate into the bodily economic system and yet to energized it now and beyond.
The main focal point coming this Monday is President Bush's State of the Union address.Indeed, he pledged during Saturday's Presidential radio address to tout the bipartisan stimulus plan during next week's speech; "...I believe that with swift action, we can give our economy the boost it needs to continue expanding and creating new jobs for our citizens." He also reiterated his hope that the plan will be enacted swiftly.
The stimulus proposal announced Thursday also includes tax breaks for businesses to spur them to invest in plants and equipment.
The situation on Wall street has so far been stabilized except for a few smallish punch along the bout and will not create further wreckage and stampede.
COMPANIES REPORTING.
On Monday, McDonald's, Verizon, Corning, and Tyson Foods report before the bell. American Express reports in the afternoon.
Tuesday morning, we'll get results from Countrywide. Also reporting are Burlington Northern, Dow Chemical, Eli Lily and EMC. After the close, Yahoo and Allstate report.
On Wednesday, some of the big names include Boeing, Merck and Altria ahead of the bell. That afternoon, Amazon, Pulte Homes and Starbucks report.
Bristol-Myers, Colgate-Palmolive, Procter and Gamble, MBIA and Marathon Oil release results Thursday morning. Anheuser-Busch also reports that day. Google is the heavy weight after Thursday's closing bell.
On Friday, Chevron and Exxon report in the morning, along with Gannett, Simon Properties and Ryder System.
The week starts out with new home sales, Monday at 10 a.m. On Tuesday, durable goods orders are reported at 8:30 a.m. and consumer confidence is reported at 10 a.m.
ECONOMIC REPORTS
The Fed's big day is Wednesday, but its meeting starts Tuesday.
Friday is a key day for data, with the important January employment report at 8:30 a.m. The ISM manufacturing index is released that day , as is construction spending and consumer sentiment, all at 10 a.m.
On Wednesday, there are several important items, including fourth quarter GDP at 8:30 a.m. ADP's jobs report is also released at 8:15 a.m. and weekly oil inventory data is reported at 10:30 a.m.
On Thursday, personal income and the employment cost index are reported at 8:30 a.m. Weekly jobless claims are issued at 8:30, as usual, and Chicago purchasing managers data is released at 9:45 a.m.
Auto sales for January are also reported by car makers on Friday.


The daily Dow pullback hours are always between 10:30am to 11:30am.The 15 minutes preclosing price is being used by market-markers to determine the following day's follow through seesion and is being used in all worldwide markets.Noticed the last hour candlestick,it's a bearish hangman,sending stocks to the guillotine and virus vault.




Tracking Friday's movement.
Led by a strong earnings report and reassuring outlook from software giant Microsoft (MSFT), the market opened higher.At !0:30 am see the Gap-Down.These market markers knew they're going to bring down the market to unwind their positions for the weekend.It closes back to the upper shadow of previous Friday.The final bell saw a bullish spinning bottom within the body of the long black bar and ended with a strong inverted hammer.They plan to bring it up again.