Morning update:
WASHINGTON (MarketWatch) -- Businesses stepped up their demand in July for capital equipment, the Commerce Department reported Wednesday. Core capital equipment orders rose 2.5%, the government said. Overall new orders rose 1.3% in July, compared with 1% expected by economists surveyed by MarketWatch. Orders for durable goods rose 1.3% in July, while orders for nondurable goods rose 1.2%
Not mentioned is the output from refiners, but nevertheless we get a bump. Watch weekly S1 at 1851.50 for NQ and 1276 for ES. Bonds slightly on the bid side, except for the two year. NQ 1846 must hold on any drop. Resistance will be 1859 and 1870 for NQ.
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on Wednesday, September 03, 2008 at 9/03/2008 10:06:00 AM.
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