Russell 5-18-07

The Russell gapped up a little over 2 points this morning but failed to push higher. The market moved back down towards yesterday's close before again testing to the high of the day.

First trade of the day is long at 6:31 at 818.70 for -0.7. Second trade of the day is short at 6:42 at 818.00 for +1.5. Third trade of the morning is long at 7:03 at 816.50 for +1.7.

Net on the morning: +2.5