Option players are hard at work in the overnight session trying to counter act the MSFT news by driving up futures as much as possible. YM and ES found support at monthly R1's and they pushed them up from there. Same with NQ, even though all major NDX stocks are down pre-open, except for GOOG which is getting a bump.
There is also a big drop in yields ahead of the housing starts at 8:30. That could also explain the futures push up from the lows at after the close.
There is also a big drop in yields ahead of the housing starts at 8:30. That could also explain the futures push up from the lows at after the close.
This entry was posted
on Friday, February 16, 2007 at 2/16/2007 08:05:00 AM.
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