United States

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

US based trader Dennis Gartman today exited his complete US equities portfolio and he advises his clientele to do the same.

A brief look at important company events and economic data releases next week.

Apparently erroneous reports of a pipeline explosion in Saudi Arabia sent oil soaring, mostly killing off Wall Street’s latest attempt to rally. Dow up 23. (Accessible only for subscribers before 10:15 AEDT)

Bernanke’s scheduled testimony to Congress was relatively upbeat last night, and there was no mention of QE3. The Dow thus retreated 53 and gold plunged nearly US$100. (Accessible only for subscribers before 10:15 AEDT)

A glance through the latest expert views and predictions about commodities with global and Chinese metal demand’s importance for prices, the earnings impact of a stronger AUD and NAB’s revised commodity expectations.

The TechWizard is preparing for a pull back.

Hardly convincing, but the cheer went up when the Dow managed to close at 13,005 on a 23 point gain. (Accessible only for subscribers before 10:15 AEDT)

ATW’s Jerry Simmons reports technical break-outs for gold, crude oil and EUR/USD.

Wall Street rebounded hard from a weak opening last night but the Dow yet again failed to hold above 13,000, finishing square at 12,981.(Accessible only for subscribers before 10:15 AEDT)