06 March 2007

The Morning Mac

Futures cooling a bit before official trade opens as productivity and unit labor costs numbers come in a bit conflicting. At 10 o'clock come factory orders and pending home sales, so pretty lite on the economic numbers here until Friday's jobs report. Barring any unforeseen news, the markets should trade on the technicals, so watch your support, resistance and volume levels. I'm looking for a big move today and maybe into Wednesday's trade so I would only short if that 1755 level comes into play...keep the discipline, especially today...go get 'em...jfg.

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