Trading has been fairly flat today, with the major indices in a tight range. The TNX is holding it’s gain from this morning’s run up. Oil just won’t be held down, and oil inventories won’t be released until tomorrow because of the holiday on Monday. I’m watching IBM for a possible roll-over as it reaches that 128.83 resistance high from a few days ago. I’m not saying to short it now, since it will probably breach that high a little, but then I expect it to pull back. We’ll see. Just wanted to tell you what I’m watching. AIG is pulling on the DOW, but my favorite CAT is helping to hold it up. Let’s see how long that lasts today, but I’m not holding out much hope.
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4 Comments
May 28th, 2008 at 11:47 am
I listen to Bloomberg radio in the background during the day. A few minutes ago a talking head from S&P, David Whateverhislastnamewas said that personal income is keeping pace with inflation and he doesn’t think consumer spending will drop off in 2008, mayby in 2009. Good ‘ol S&P, always on top of things.
May 28th, 2008 at 12:02 pm
He must be living in that alternate universe I’ve been hearing about.
May 28th, 2008 at 2:40 pm
Hi,
Could You provide an analyze on SKF?
thanx
May 28th, 2008 at 3:12 pm
We’ll do that tonight, Tommi!