Narrow Range
Very quiet in the S&P futures market at the moment with a very narrow trading range. As we stated in the Morning Meeting, with Intel
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PowerRating) earnings after the close and Greenspan speaking tomorrow, the trade was expected to quiet down. Earlier, the market put in a session high above 1125, which is a key level for this market to get over.
Nasdaq futures have been holding between about 1415 and 1408, but little of any note going on. We expect a choppy, rangebound trade at least through lunch.
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