4.29.2008

Pre Open


Pre market futures are trading lower as I type - NQ -6.25, ES -3.25 and YM -48.


In the news:


MA soaring to 260 +18 following earnings while V sells off;


GOLD lower by 11 at 885;


CRUDE at 117+;


EURO -1.556;


Gapping up- ACTU FLS ACTS APOG RDS.A TXRH TSON MCHP GTLS TSO ABT GPRO ETN;


Gappin down- DGII LDSH UCTT TRID MDR CHINA AATI TITN SFN V MRK DHT THC FHN ININ ATHR FTI HIG PRE ABB POT DB NO;


WAB- profiled in today's IBD New America section- a rail and transit equipment supplier;


Retail sales rose .9% v a week ago according to Redbook and +1.9% v a year ago;


Linked In:


Is this the all clear for Hillary?


Trader Mike with his recap;


The biggest bust ever?


The High Yield take;


Note markets are over bought here and now with the DJIA hitting its 50% retracement yesterday and falling back while SPX was rejected at 1400.

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