Good Morning Todays Trade

Wednesday, May 7, 2008

Cisco reports earnings that top expectations, but mentions U.S. market has softened

Sprint and Clearwire to to combine wireless broadband businesses

S&P futures versus fair value climb to the unchanged mark on a better than expected economic report. Just reported, first quarter nonfarm productivity rose 2.2%, more than the consensus estimate of 1.5%. Unit labor costs came in at 2.2%, which was short of the expected reading of 2.6%

Today i plan to again lighten my positions and will be watching the all important 1422 area. I would not be surprised to see a pop and drop thru this level.

Some stocks to watch

DAR ESLR JBLU INTC

Smoke em if you Got em