Morning Call: Not Much News Today
August 4, 2008 9:30 AM
This could break either away. I am still not a fan of any low on the SP. Futures suggest early direction may be key or we need a reversal, IMO.
9:45 Update: We have cleared Friday’s low, on the futures at least. I still do not like this low intraday. We have Factory Orders at 10:00. If we can reverse off a new low, then we “may” try and reverse.
10:23 Update: The Close is all that matters today on the SP. So the volatilty may pick up late.
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