Morning update:
WASHINGTON (MarketWatch) - Resales of U.S. single-family homes and condos rose 3.1% in July to a seasonally adjusted annual rate of 5.0 million, the National Association of Realtors reported Monday. Resales have sunk 13.2% in the past year. The gain was stronger than expected. Economists surveyed by MarketWatch expected sales to rise to 4.91 million. Despite the increase in sales, the inventory of unsold homes on the market rose 3.9% to 4.67 million, an 11.2 month supply at the current sales pace. The median sales prices fell 7.1% in the past year to $212,400.
QQQQ battle at 47, but so far holds. Bonds have not dropped their bid, watch TNX 3.78%, July 10th low. This is summer low volume trading, book that money when it comes. NQ weekly pivot is at 1931.25 if we rally.
QQQQ battle at 47, but so far holds. Bonds have not dropped their bid, watch TNX 3.78%, July 10th low. This is summer low volume trading, book that money when it comes. NQ weekly pivot is at 1931.25 if we rally.
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on Monday, August 25, 2008 at 8/25/2008 10:02:00 AM.
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