Mid-morning update:
ES moves up to the June 11th gap open at 1542 and pulls back. Level to watch on the upside for resistance. Support will be pre-open news overnight high for NQ at 1943.50. NDX 1925 max pain was indeed a draw.
Gold is becoming very interesting again, ever since yields seemed to have leveled off. If YG August holds 654, we could be in for some upside in the metal. It will depend on an equity rally holding and yields not rising much further. That would give gold an edge as traders bet that inflation might not be contained.
ES moves up to the June 11th gap open at 1542 and pulls back. Level to watch on the upside for resistance. Support will be pre-open news overnight high for NQ at 1943.50. NDX 1925 max pain was indeed a draw.
Gold is becoming very interesting again, ever since yields seemed to have leveled off. If YG August holds 654, we could be in for some upside in the metal. It will depend on an equity rally holding and yields not rising much further. That would give gold an edge as traders bet that inflation might not be contained.
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on Thursday, June 14, 2007 at 6/14/2007 11:21:00 AM.
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6/14/07 2:38 PMINTC on a tear! Good for $25.20?
6/14/07 9:41 PM
Looks like it, at least 24.20, 50% of gap. If 22.86 holds.
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