The news from London is overshadowing some pretty good news on the corporate front. IBM does a merger, Target and JC Penney are posting strong sales and the trade deficit narrows. This is probably why US futures have not fallen further. Watch oil, as it took a major hit the last time terrorist news came out of London. But it's a different market now. We will see. Watch NQ 1483 and ES 1262 key support areas. The SOX has been bullish lately and I bet it will show more relative strenght today, at least initially.
This entry was posted
on Thursday, August 10, 2006 at 6:35 AM.
