The whisper number was at .2 for the core CPI and we hit it. Futures are solidly ahead pre-open. Keep in mind that NQ is already above weekly R2, so this move will be somwhat limited, but it is a relief and QQQQ/SMH should hold on to their 50 dma's. Gold is up 7 at 634 and that is of concern, but it is most liley tied to the fall of the dollar. Keep an eye on that and the 642 level. Gold could be a short if it fails there.
This entry was posted
on Wednesday, August 16, 2006 at 6:21 AM.
