8.13.2007

PRE MARKETS


Futures are indicating a higher open after swooning after the cash markets closed on Friday. The difference between cash and futures - the swoon (8 ES Points)- not dumb traders in New York or Chicago. European markets also trading higher today along with higher crude.


The RUT was strong all day Friday signaling it may have hit bottom a hair under 74 last Monday. It has climbed to about $79.5 in the pre market and has been the strongest major market index since hitting bottom.


One stock mentioned in Barrons this weekend LTR. A stock I used to own and will look to average back into as it is down about 25% from its recent highs.


Other news:


Gapping up - CAAS BX NITE CLWT GILT AVGN BEAS VCLK GS CTSH AKAM AAPL ISRG WYNN GRMN AMGN.


Gapping down- LEND BZH GOLD SAP ASX FNM ALU STM RTP QGEN INTU IACI PCAR.


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