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Phil's Lunchtime Prediction From Member Chat

PhilJuly 8th, 2010 at 12:22 pm |


Big yawner so far.  Volume at noon is 70M on the Dow so right on the money for a program trading day that can end in a stick.  We are in striking distance of 10,150 and 1,070 and even 620 on the RUT and we can have a bang-up end to the week if we hit those at the close so I’d be inclined to bet up if we hold this line (flat or better) through 2:30.

Oil is $74.91, gold $1,194, copper $3.005 and nat gas still $4.40 so keep an eye on copper and that’s all you need to do to predict the market today.   

Disclosure: We are long on the markets