Closing hour:
Traders give Bin Laden the Bronx cheer and rally equities into the close. ES moves above the key 1458/1459 level. That ten year yield at 4.3% marked the exact low of the day for equities. Lots of bears out there pushing it a little too far as if the boyz were going to crash the market on the 9/11 anniversary. No way.
Longer term, SPX needs to close above 1460, 50%.
The only hiccup is the so-called reason for the rally, INTC, is only up 6 cents.
Keep in mind that there will be some overnight fears, so cash in if you can.
Traders give Bin Laden the Bronx cheer and rally equities into the close. ES moves above the key 1458/1459 level. That ten year yield at 4.3% marked the exact low of the day for equities. Lots of bears out there pushing it a little too far as if the boyz were going to crash the market on the 9/11 anniversary. No way.
Longer term, SPX needs to close above 1460, 50%.
The only hiccup is the so-called reason for the rally, INTC, is only up 6 cents.
Keep in mind that there will be some overnight fears, so cash in if you can.
This entry was posted
on Monday, September 10, 2007 at 9/10/2007 03:23:00 PM.
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