Morning update:
July 24 (Bloomberg) -- Lockheed Martin Corp., the world's largest defense contractor, said second-quarter profit rose 34 percent on higher-than-expected sales of jet fighters.
The war machine is doing well, but that was expected (although that could be winding down next year). It's giving YM a floor for now above 13900. Resistance is 13961, 10 day moving average. Another break belwo 13930 puts bears in full control again.
July 24 (Bloomberg) -- Lockheed Martin Corp., the world's largest defense contractor, said second-quarter profit rose 34 percent on higher-than-expected sales of jet fighters.
The war machine is doing well, but that was expected (although that could be winding down next year). It's giving YM a floor for now above 13900. Resistance is 13961, 10 day moving average. Another break belwo 13930 puts bears in full control again.
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on Tuesday, July 24, 2007 at 7/24/2007 11:15:00 AM.
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