Good Morning Todays Trade

Tuesday, June 3, 2008

Futures have a muted reaction to Fed Chairman Bernanke's comments. Bernanke is concerned about increasing inflation expectations, noting that the possibility of continued increases in commodity prices is an important risk to the inflation forecast. He said the Fed commitment to price stability and the underlying strengths of the U.S. economy will be key factors in ensuring the ensure that the dollar remains a strong and stable currency

The 10 for 1000 Watch list is still an excellent set up going into this week, but overall bias is down we have a short term downtrend and will have to watch the opening range , Market gapping up a bit but would so watchfor some quick selling at the open and relative strength issues.

VLO
TSO
V
plus others on 10-1000 tobe watched closely today