Noon update:
Stocks rally on modest volume, typical of op-ex Thursday's and index manipulation. However bonds have made new highs and that is what you need to stay tuned to.
ES has climbed back up to the May 5th open at 1413.50. Nasdaq is back to making more new year lows over new year highs (58 to 28), so the brief positive yesterday did not spill into today.
Watching Goldman Sachs, GS. Still down and selling off its 20 dma. That stock is the key to health in financials.
Stocks rally on modest volume, typical of op-ex Thursday's and index manipulation. However bonds have made new highs and that is what you need to stay tuned to.
ES has climbed back up to the May 5th open at 1413.50. Nasdaq is back to making more new year lows over new year highs (58 to 28), so the brief positive yesterday did not spill into today.
Watching Goldman Sachs, GS. Still down and selling off its 20 dma. That stock is the key to health in financials.
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on Thursday, May 15, 2008 at 5/15/2008 12:06:00 PM.
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