Morning update:
U.S. May Philly Fed -15.6 vs. -24.9 in April
Bonds hold their bid. Watch ZN 114'23 support. I have taught many traders to forget the news and only watch ZN (ten year note futures) on important economic releases.
Small caps, per ER2, are not participating in the morning bounce. ISE equity opened at 262 (...). The level of call option buying at the open (usually retail orders) the past few days is a huge red flag.
U.S. May Philly Fed -15.6 vs. -24.9 in April
Bonds hold their bid. Watch ZN 114'23 support. I have taught many traders to forget the news and only watch ZN (ten year note futures) on important economic releases.
Small caps, per ER2, are not participating in the morning bounce. ISE equity opened at 262 (...). The level of call option buying at the open (usually retail orders) the past few days is a huge red flag.
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on Thursday, May 15, 2008 at 5/15/2008 10:03:00 AM.
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