Morning update:
NQ holds on to the key 1964 level, although watch gap open from Friday at 1968.25. ES still has that gap, with close at 1539.75. It can go either way, tomorrow we have some important housing numbers. But bulls are holding the for as long as yields don't catch a bid.
August gold is having a bit of a struggle with its 10 dma at 660.50, but should not sell-off as long as equities hold their own.
This is the calm before the storm (tomorrow's housing numbers).
NQ holds on to the key 1964 level, although watch gap open from Friday at 1968.25. ES still has that gap, with close at 1539.75. It can go either way, tomorrow we have some important housing numbers. But bulls are holding the for as long as yields don't catch a bid.
August gold is having a bit of a struggle with its 10 dma at 660.50, but should not sell-off as long as equities hold their own.
This is the calm before the storm (tomorrow's housing numbers).
This entry was posted
on Monday, June 18, 2007 at 6/18/2007 11:31:00 AM.
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