Pre-open:
The bond drop that started last night was a clue as to the eventual direction of equities. ES held 1275.50 and now moved up to 1292, alsmot closing the August 25 gap (1292.75). For NQ that gap is not yet closed (1919/1930). Oil is up at 120. DELL reports after the close. Again, day trade this, no big bets.
Aug. 28 (Bloomberg) -- The U.S. economy expanded at a faster pace than previously estimated in the second quarter, helped by surging exports and a smaller decline in inventories.
Of course, this was when the dollar was much lower...
The bond drop that started last night was a clue as to the eventual direction of equities. ES held 1275.50 and now moved up to 1292, alsmot closing the August 25 gap (1292.75). For NQ that gap is not yet closed (1919/1930). Oil is up at 120. DELL reports after the close. Again, day trade this, no big bets.
Aug. 28 (Bloomberg) -- The U.S. economy expanded at a faster pace than previously estimated in the second quarter, helped by surging exports and a smaller decline in inventories.
Of course, this was when the dollar was much lower...
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on Thursday, August 28, 2008 at 8/28/2008 09:19:00 AM.
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