Russell 5-7-07

The market opened up after yesterdays strong close but failed to sustain new highs. The market moved lower most of the morning from there seeking yesterday's value area and then consolidating.

First trade of the morning short at 6:45 a.m. at 837.00 for +.04. Second trade of the mornign was long at 7:20 at 836.00 for +.01.

Net for the morning: +0.5