Friday, June 08, 2007

pre market

The Asian markets are bloody sans China. Europe is being raided by the bears.

The US trade deficit declined more than expected as a cheaper US Dollar has fueled exports.

Consumer confidence tumbles to a 10 month low as record gas prices take it toll.

Stocks in Play

Same store sales rise 8.7% in McDonalds.Worldwide demand is booming and they stock should continue to outperform.

Pre market futures are indicating a bullish open. It will probably be wise to sell the rally. A gap down open would be better to buy under these circumstances. I would like to see panic selling and a plunge before buying.

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