Open:
TNX jumps up to 5.2% but NQ holds 10 day ema at 1955. This is a day with no news and hedge funds can easily manipulate it for end of quarter adjustments. Be careful as direction could be treacherous after the initial selling. This could be a tough day to trade. An NQ drop below 1957.25 after 10 AM would put sellers firmly in the driver's seat.
Watch SPX 1512.50, yesterday's open, for overall market support.
TNX jumps up to 5.2% but NQ holds 10 day ema at 1955. This is a day with no news and hedge funds can easily manipulate it for end of quarter adjustments. Be careful as direction could be treacherous after the initial selling. This could be a tough day to trade. An NQ drop below 1957.25 after 10 AM would put sellers firmly in the driver's seat.
Watch SPX 1512.50, yesterday's open, for overall market support.
This entry was posted
on Friday, June 22, 2007 at 6/22/2007 09:57:00 AM.
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