14 replies to this topic

[OEXCHAOS]

Anyone see news? Suddenly a 4 point rally in the ES evaporated... M

[hiker]

Wal-Mart May same-store sales rise 1.3% 7:52a ET June 7, 2007 (MarketWatch) NEW YORK (MarketWatch) - Wal-Mart Stores Inc. said Thursday its May sales at stores open at least one year rose 1.1%, excluding fuel. Including fuel, same-store sales rose 1.3%. Analysts, on average, had expected same-store sales to rise 1.4%, according to Thomson Financial. Total U.S. sales for the four weeks ended June 1 rose 7.7% to $28.26 billion. The company expects same-store sales for the June five-week reporting period to be between flat and 2%.

[espresso]

Anyone see news? Suddenly a 4 point rally in the ES evaporated...

M

No news, just technicals!
I have 9.5 spx drop from Europe market open to now...
It's been a selloff all the morning!

Edited by Espresso, 07 June 2007 - 07:12 AM.

[Wombat]

The S&P futures dropped when PG was downgraded and when WMT said something about slower sales? Not exactly sure of the WMT but it had to do with sales.

[skyymaster]

Doesn't matter, but CNN has this Stock futures point to lower open following Wednesday's slide as 10-year yield hits 5% threshold; retailers report weak sales gain.

[NAV]

Anyone see news? Suddenly a 4 point rally in the ES evaporated...

M

DOWNWARD MOMENTUM.

BTW, it's not 4 points. Afterhours, they rallied the Sep ES all the way to 1538 and is now around 1528. 10 points collapse overnight.

[espresso]

100 DAX point drop in 15min WOW!

[OEXCHAOS]

This type of action is never good. When it falls hard on non-news news, it suggests real selling. Folks are nervous. Things can get interesting. Mark

[Russ]

Down to 1512 on light volume compared to day session, has found support for now.

[OEXCHAOS]

Don't forget my target of 150900 on the ES. Mark