The Vu 4/8
The MARKET VU SHOW
The VU
Every morning at 9est hear Futures Voice talk about "VALUE AREA" and KEY NUMBERS that Floor Traders are looking at.
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The Vu:Remember the important 1160.87 SP500 cash area!!!
10est is the WholeSale Inventories# Near its best levels of the morning, the futures market continues to tear higher, pointing to a rally in the cash market at the open. Contributing to the favorable tone of trade is a flood of upbeat developments including a lower than anticipated Initial Claims report, higher than expected earnings announcements from the likes of GE, YHOO, DNA, and RIMM, upward guidance from DELL, and generally strong same store sales results.
Trading Up: YHOO +13.8% (in sympathy MAMA +13.8%, LOOK +8.7%, FWHT +6.7%, DCLK +6.5%, AMZN +4%), TNOX +6.3% (up on DNA report), XMSR +4.5%, JCP +4%, DNA +3%, RFMD +2.5%, DELL +2%, INTC +2%, LU +1.8%, GE +0.7%, PLMO +0.5%, RIMM +0.16%... Defense/Homeland Security-related stocks continue to find bid: IPIX, MAGS VII CDCY IDNX Trading Lower: AEOS -6.6%, CENX 1.9%, WMT -0.4%. For Futures trading FUTURES VOICE will be keying on the OPENING RNG.. |
