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Sunday, July 13, 2008

DOW, US Stock Futures

Futures were up about 104 points, now 11:50 PM PST. +71.

30 point difference, to figure out tomorrow's open is tricky.

I think stocks will be mixed tomorrow, possibly heading lower.

Asia is in a sell off mode right now.
Tokyo is giving up gains.
Hongkong giving up opening gains.

I recommend not covering shorts tomorrow, but add more short positions at a higher price.

Earnings Front:

Genentech reports After Market Close
and 4 other financial companies, look at the earnings calender on the right for more details

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