Russell 6-13-07

The market gapped up overnight modestly and then consolidated for the early portion of the morning before resuming bullish activity.

First trade of the morning short at 6:45 at 832.5 for -0.8. Second trade of the morning short at 7:05 at 831.70 for -0.6. Third trade of the morning long at 7:22 at 832.20 for +3.0. Fourth trade of the morning short at 7:42 at 835.20 for +0.0.

Net on the morning: +1.6