Open:
Bonds have a bid, which gives bears an edge. Watch NQ 1962.50 and ES 1395, still the big numbers in contention. If bulls can hold on, they will save the day. Otherwise, we should see new weekly lows.
Add DOW 12809, 200 ema, to the watch list.
Despite the misleading headlines (as usual), RLX (S&P retail) is down. Resistance is its 20 dma at 404, support is the 50 dma at 394.50.
Bonds have a bid, which gives bears an edge. Watch NQ 1962.50 and ES 1395, still the big numbers in contention. If bulls can hold on, they will save the day. Otherwise, we should see new weekly lows.
Add DOW 12809, 200 ema, to the watch list.
Despite the misleading headlines (as usual), RLX (S&P retail) is down. Resistance is its 20 dma at 404, support is the 50 dma at 394.50.
This entry was posted
on Thursday, May 08, 2008 at 5/08/2008 09:37:00 AM.
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