Thursday, March 15, 2007

Thursday Pre-Market

The PPI report came in and it was more than expected and the NASDAQ pre-market dropped like a rock and the futures dropped like a rock - but guess what didn't move?

But then in the space of a few minutes the futures started recovering again, and NASDAQ pre-market went back to green. So I wonder - are the FOREX traders that much smarter than the stock and derivatives traders? Maybe so.

I think we might have a quiet day. It looks to me like a lot of folks are standing around their screens, scratching their butts, and wondering what to do next. I hope you aren't one of them.

Have a good day trading.