Russell 4-23-07

The Russell opened agressively lower this morning off of Friday's high, but just couldn't drive much below Friday's value area. The bulls came out and attempted to push the day above Friday but ran out of steam. After that the market settled into a very narrow range and I except well probably see some continued bullish activity this afternoon.

First trade of the morning was short at 6:32 at 831.50 for -1.8. Second trade of the morning was long at 6:42 at 833.40 for +0.1. Third trade of the morning was short at 7:01 at 833.70 for +0.4.

Net on the morning: -1.3
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