Russell 5-30-07

The market gapped down nearly 7 points this morning but couldn't sustain overnight action. The bulls came back and pushed to fill the sizeable gap, however, most likely this will not be filled until this afternoon.

First trade of the morning short at 6:30 a.m. at 832.30 for -1.8. Second trade long at 6:42 at 832.60 for +3.1. Third trade of the morning short at 7:21 at 836.40 for +1.5.

Net on the morning: +2.8