The Dow closed up 9.44 points today.
Crude dropped today by more than $3 pb today.
Some sectors were getting dropped like a rock today. Solar and Shipping were 2 of them.
After hitting the their 52 week low, the Financials spiked up today.
There is not a lot of news coming out in the next 24 hours to drive the Market in one direction or another. Much like the last 2 days, we will probably just float back and forth. Unless of course, Crude Oil inventories are way off of their estimates.
On Thursday, we will see the Unemployment Numbers, Retail Numbers, and Business Inventory Numbers.
Watch the 8:30am EST release of the CPI Numbers on Friday morning. This could move the Market dramatically.
Cross your fingers that this does not continue to happen just because the Dollar is
a 3 month high. Make the defensive trade tomorrow!
Good Fortune from Trade-Equity!
Tuesday, June 10, 2008
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