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May 14 (Bloomberg) -- U.S. consumer prices rose less than forecast in April, reflecting cheaper furniture and lodging costs that offset the biggest jump in food expenses in 18 years.
The fix is on and Q's 49 call sellers have to cover. GS is not participating and it will be interesting to see how financials perform today.
The biggest enemy of the consumer is the price of gas, regardless of what numbers the government comes up with (which will be revised next month). Oil inventories at 10:30 will be important.
NQ has confluence weekly R2 and 61.8% at 2028/2032, heavy resistance if we get there. That would put the COMP very close to its 200 dma.
May 14 (Bloomberg) -- U.S. consumer prices rose less than forecast in April, reflecting cheaper furniture and lodging costs that offset the biggest jump in food expenses in 18 years.
The fix is on and Q's 49 call sellers have to cover. GS is not participating and it will be interesting to see how financials perform today.
The biggest enemy of the consumer is the price of gas, regardless of what numbers the government comes up with (which will be revised next month). Oil inventories at 10:30 will be important.
NQ has confluence weekly R2 and 61.8% at 2028/2032, heavy resistance if we get there. That would put the COMP very close to its 200 dma.
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on Wednesday, May 14, 2008 at 5/14/2008 09:32:00 AM.
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