Archive for the ‘Interesting Morning’ Category

A Telling Morning

Monday, May 22nd, 2006

Futures are way down thanks to a midday Asian meltdown and a subsequent European followup. Dow down nearly 60, S&P near 6, Naz near 13.

Watch commodities today for an intraday reversal, particularly if we start the day selling hard. Same goes for equities.

One brightspot: Lowe’s Earnings: Beat with raised guidance.

Look for 1262 on the S&P 200 day EMA…

Touch and go at the start.