Friday, May 16, 2008

V Day

Wednesday started strong and faded off late day, but still closed slightly green. Volume increased today leaving option expiration week with the normal tone of increasing daily into Friday. Gold closed down $3.50 to $866.10 and oil down $1.56 to $124.24 a barrel. CPIdata gave the market a shot in the arm early morning, but not everyoneis agreeing that the data is legit and leaving the door open for anadjustment later to be made. Into Thursday we have 8:30 data and then Bernanke speaks at 9:30. Which shou[...]

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[Source: The Money Blogs]

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