Russell 5-23-07

The Russell gapped up slightly and then pushed higher most of the morning before settling into a late morning consoldiation.

First trade of the morning is long at 6:31 at 841.00 for -0.8. Second trade of the morning is long at 6:42 at 842.10 for +3.5. Third trade of the morning is short at 7:15 at 846.60 for +0.6. Fourth trade of the morning is long at 7:42 at 845.7 for +1.0.

Net on the morning: +4.3