Pre-open:
Bonds have a bid. Watch NQ 2005/2008, early May resistance. For ES, it's the 200 ema at 1410.25. We will soon find out if yesterday's bearish close was the mother of all headfakes or the real deal.
May 15 (Bloomberg) -- Industrial production in the U.S. fell more than twice as much as forecast in April, as the slowdown in consumer spending prompted car and appliance makers to cut back.
Bonds have a bid. Watch NQ 2005/2008, early May resistance. For ES, it's the 200 ema at 1410.25. We will soon find out if yesterday's bearish close was the mother of all headfakes or the real deal.
May 15 (Bloomberg) -- Industrial production in the U.S. fell more than twice as much as forecast in April, as the slowdown in consumer spending prompted car and appliance makers to cut back.
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