PM Update:
May 22 (Bloomberg) -- U.S. house prices sank 3.1 percent in the first quarter from a year earlier, according to a government report, as buyers waited for values to stop falling.
Even though oil is down, it is still 130 oil and the above news coupled with Ford's profit warning has deflated any early rally.
The 20 dma is now resistance for NDX, a confirmation of trend change.
May 22 (Bloomberg) -- U.S. house prices sank 3.1 percent in the first quarter from a year earlier, according to a government report, as buyers waited for values to stop falling.
Even though oil is down, it is still 130 oil and the above news coupled with Ford's profit warning has deflated any early rally.
The 20 dma is now resistance for NDX, a confirmation of trend change.
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on Thursday, May 22, 2008 at 5/22/2008 02:24:00 PM.
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