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May 9 (Bloomberg) -- The U.S. trade deficit narrowed more than forecast in March as imports dropped by the most in more than six years, reflecting the economic slowdown.
NQ has finally broken the 1962.50 level, next stop should be QQQQ 47 if a bounce can't be mustered here. Nasdaq new year lows 59, new year highs 11. The op-ex shenanigans have kicked in, though, making trading very treacherous.
May 9 (Bloomberg) -- The U.S. trade deficit narrowed more than forecast in March as imports dropped by the most in more than six years, reflecting the economic slowdown.
Americans bought fewer automobiles and less crude oil, furniture and communications equipment from overseas as the economy grew at the slowest pace since 2001. Exports fell for the first time in more than a year, indicating economies abroad may also be starting to cool.
With oil at 125 and the NYSE/SPX/DOW/COMP/RUT/NDX failures at 200 dma, there is little reason for stock to rally especially when you throw in the overbought conditions and excessive bullish option sentiment.NQ has finally broken the 1962.50 level, next stop should be QQQQ 47 if a bounce can't be mustered here. Nasdaq new year lows 59, new year highs 11. The op-ex shenanigans have kicked in, though, making trading very treacherous.
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on Friday, May 09, 2008 at 5/09/2008 09:47:00 AM.
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