PM update:
After dropping 1900, NQ (NDX future) went down to test the 30 dma at 1891.50 and so far it is holding. The Yen caught a bid which gave us the selling. Both semis and financials are up. This market is building a trading range, but lows must hold into the close. NQ needs to end the day above 1898, Friday's highs.
YM is having a harder time due to the drop in oil and energy stocks. Gold is still positive, thanks to the weaker dollar.
After dropping 1900, NQ (NDX future) went down to test the 30 dma at 1891.50 and so far it is holding. The Yen caught a bid which gave us the selling. Both semis and financials are up. This market is building a trading range, but lows must hold into the close. NQ needs to end the day above 1898, Friday's highs.
YM is having a harder time due to the drop in oil and energy stocks. Gold is still positive, thanks to the weaker dollar.
This entry was posted
on Tuesday, May 29, 2007 at 5/29/2007 02:08:00 PM.
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