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G-TA: Thursday 05/11/2006

Started by eliteG, May 11, 2006, 09:16:43 AM

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eliteG

G-TA

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Sorry it was a late night at the site and G-TA takes a lot of energy.. Will try to be open tomorrow.

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The Futures -  09:00 am : S&P futures vs fair value: +0.7. Nasdaq futures vs fair value: -0.2.  Futures are off their best levels of the morning, as caution returns to the Treasury market to lift the yield on the 10-yr note back above 5.14%, and now point to more of a mixed start for stocks. News Corp. (NWS.A) more than doubling Q3 (Mar) profits and doubling its buyback program to $6 bln may offer some support for blue chips, but with earnings season basically coming to a close, the market’s focus shifting to "incoming data" is leaving investors somewhat hesitant to look for bargains in recently underperforming areas such as tech.

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