After a choppy start, the Russell picked up significant steam on release of the housing starts data at 7:00 PST. Hopefully this means that we'll be moving into a less contracted market range for the week.
First trade was a short reversal at 7:00 at 815.02 for +3.8. Second trade was a long reversal at 7:16 at 811.50 for -1.8.
Net for the morning: +2.0
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Monday, March 26, 2007
Posted by Lord Tedders at 10:01 AM