*Due to an unforeseen circumstance, I was unable to post last week or reply to emails. This on the blog should stabilize once again and I will get to the emails in the next 48hrs! Thanks for the patience.

So this week passed and we are heading towards the end of September and my call for a market pull back has not taken place. Its funny, statistics would show that I should be correct, but the reality is simple, there is a lack of selling pressure on the markets, large fund managers are starting to take bigger positions in companies which are keeping the momentum going towards the upside…for now.

Looking at the week, the watch will be on the Federal Reserve meeting which takes place over a 2 day span. We have already heard people talk about the “worst being over” but what the outlook for the future will be worth anticipating with open ears for cues. Housing data also comes out this week and this could help many stocks pull up on a strong rally in this sector that has struggled. Lets see how this goes.

Blackberry makes, Research in Motion (RIMM) will announce earnings this week along with General Mills. Both are heavy weights and both could provide guidance for their respective sectors. Personally, I was in strong and long on (RIMM) shares in the mid $30 range for my parents portfolio and I have substantially increased their net worth on this single stock. Right now I am not looking to sell the stock, but would not tell friends to buy either. RIMM needs to pull back in the short term before another run up.

Other Earnings to Watch:
Tuesday: Carnival, ConAgra and CarMax
Wednesday: AutoZone, Bed Bath and Beyond, Cintas, Paychex and Red Hat.
Thursday: 3Com, Rite Aid and McCormick

Week Ahead Video:

Happy Investing!

Aman, MBA

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