Open:
INTC and MSFT are not participating and financials are down. Watch those gaps, 1993 for NQ and 1384.75 for ES. AD lines have dropped form a high of 835 to 303, for Nasdaq, 907 to 169. Bulls must defend these gaps. The yield on the ten year found some takers at highs (3.99%).
The flip side of the report is inflation and possible support for oil. Watch 128.20 resistance there.
INTC and MSFT are not participating and financials are down. Watch those gaps, 1993 for NQ and 1384.75 for ES. AD lines have dropped form a high of 835 to 303, for Nasdaq, 907 to 169. Bulls must defend these gaps. The yield on the ten year found some takers at highs (3.99%).
The flip side of the report is inflation and possible support for oil. Watch 128.20 resistance there.
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on Wednesday, May 28, 2008 at 5/28/2008 09:50:00 AM.
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