The range is pretty much set as we head into lunch. Remember, this is a trading environment. ES stronger than NQ as it hits a high near its pivot. NQ did not even come close. Support for the tech future's index is 20 DMA at 1773.25, overnight lows at 1771 and 1765.50. ES support is 1383.
The best work was done at the open and now it's feed your broker time so I would wait for the close.
WASHINGTON (Reuters) - The pace of existing home sales rose modestly in October hitting a 6.24 million-unit annual rate, according to a report form the National Association of Realtors on Tuesday that marked an unexpected rise from economists' expectations.
The rise in sales volume was the first since February but the median home price declined 3.5 percent, the third straight month in which prices fell and the largest year-on-year decline since records began in 1968.
The inventory of homes for sale was up 1.9 percent to 3.85 million units.
Analysts had expected home resales to slow to a 6.15 million-unit pace from the 6.18 million-unit rate in September.
The best work was done at the open and now it's feed your broker time so I would wait for the close.
WASHINGTON (Reuters) - The pace of existing home sales rose modestly in October hitting a 6.24 million-unit annual rate, according to a report form the National Association of Realtors on Tuesday that marked an unexpected rise from economists' expectations.
The rise in sales volume was the first since February but the median home price declined 3.5 percent, the third straight month in which prices fell and the largest year-on-year decline since records began in 1968.
The inventory of homes for sale was up 1.9 percent to 3.85 million units.
Analysts had expected home resales to slow to a 6.15 million-unit pace from the 6.18 million-unit rate in September.
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on Tuesday, November 28, 2006 at 11/28/2006 11:10:00 AM.
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