The core PPI does a surprise drop, down .03, and we get a rally. If the CPI does the same thing tomorrow, it will pretty much quiet down those clamoring for more rate hikes. Who are these guys anyway? Have you noticed higher prices? I havent. In fact, buying a computer has never been this cheap.
There's volume behind this one, let's stick if it sticks to the upside. The concern is too much slowdown now and that can keep a serious wall of worry going, one that might be too much to overcome in the summer. Techs keep leading the charge, no surpise there for those who follow my viewpoint on this. SMH (semis) at 50 dma, watch that one for any sign of failure or breakout (31.70). NQ weekly R1 is at 1520.
There's volume behind this one, let's stick if it sticks to the upside. The concern is too much slowdown now and that can keep a serious wall of worry going, one that might be too much to overcome in the summer. Techs keep leading the charge, no surpise there for those who follow my viewpoint on this. SMH (semis) at 50 dma, watch that one for any sign of failure or breakout (31.70). NQ weekly R1 is at 1520.
This entry was posted
on Tuesday, August 15, 2006 at 6:51 AM.
