Russell 5-8-07

The market gapped down overnight roughly 4 points. The market continued to push lower through the early morning and met little resistance until later in the morning when it partially retraced to the 828.00 area.

First trade of the morning was short at 6:33 a.m. at 829.8 for +5.0 points. Second trade of the morning was long at 7:18 at 825.1 for +2.0 points.

Net on the morning: +7.0