Wednesday, June 13, 2007
Alot of opening gaps (with stringy shadows) this morning as it looks like people are buying some dips. Another rebound day similar to Monday. Retail sales report came out this morning (twice the number expected for May sales) which provided the initial momentum experienced this morning. Things appear to be flattening out as we approach lunchtime (the DJIA giving up 20+ points. Bond yields gave up some ground as well. Market cryptographers will have a keen ear open for today's Beige Book report due out 2p.m. today.