Open:
After an initial drop, markets hold on, but resistance is still there. Philly Fed Manufacturing at 10.
Don't forget that today is option expiration for S&P index options, always a whipsaw day until it gets pinned.
NQ 1995.50 and ES 1405 is what bulls must hold now. Watch for any sign of bond reversal after 10.
Focus stocks: BX (Blackstone) and more importantly GS, which is having a problem getting back above its 20 dma at 189.75.
After an initial drop, markets hold on, but resistance is still there. Philly Fed Manufacturing at 10.
Don't forget that today is option expiration for S&P index options, always a whipsaw day until it gets pinned.
NQ 1995.50 and ES 1405 is what bulls must hold now. Watch for any sign of bond reversal after 10.
Focus stocks: BX (Blackstone) and more importantly GS, which is having a problem getting back above its 20 dma at 189.75.
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on Thursday, May 15, 2008 at 5/15/2008 09:49:00 AM.
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