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Bonds reverse on mortgage application news. This could hold up the markets. Watch NQ gap close at 1993.50 and ES at 1472.75. Remember that QQQQ still has that gap at 49.14. Trade with bonds, they will give you direction (inverse: buy stocks when they sell).
The price of oil will become a problem so inventories at 10:30 will be critical for the markets. But don't fight those bonds, that is your clue.
I will be out of the office today.
Bonds reverse on mortgage application news. This could hold up the markets. Watch NQ gap close at 1993.50 and ES at 1472.75. Remember that QQQQ still has that gap at 49.14. Trade with bonds, they will give you direction (inverse: buy stocks when they sell).
The price of oil will become a problem so inventories at 10:30 will be critical for the markets. But don't fight those bonds, that is your clue.
I will be out of the office today.
This entry was posted
on Wednesday, September 12, 2007 at 9/12/2007 09:45:00 AM.
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