11 April 2007

Fries With That?

Earnings season begins to roar it's ugly head this week and I expect these tighter ranges to be a memory very soon...it's difficult to trade 8 point ranges with any certainty...so be prepared for 25+ point ranges as soon as Thursday...
Overnights as boring as yesterday's trade with $5 Dow up 9, S&P's +1 and the notorious NAZ +2.75...Europe green across the board with the Nikkei unusually flat @ +5...gold, oil and bonds also slightly green...There is nothing much else to say as all fingers crossed until the afternoon...any large moves away from the flat line should revert to the mean and deadsville will probably set upon the market before lunch...jfg.

No comments: