Futures relatively flat to slightly off today but the attention will come today to the 3 year treasury auction. We have 3 treasuries auctions this week:
Tuesday - 3 year
Wednesday - 10 year
Thursday - 30 year
So the big thing to watch is the demand and the yields of those bonds. Title insurers are good shorts if you believe yields will continue to rise. FNF, STC, and FAF are good shorts in that field, if you have to have some but I am not shorting this market yet.
Also for the S&P, we seem to be in a neutral trading/consolidation range from 925-950. As for tech, I think we will go higher because Goldman upgraded AAPL today and TXN raised estimates. Once again, I find myself kicking myself for selling TXN at $17 but I might get back in soon. I got the report but just need to read it. Lastly, the big PALM Pre came out this weekend; however, AAPL took out its luster by announcing price cuts. If you are believer in the Palm Pre, MXIM makes the chips for the phone and TQNT also makes semis for the phone.
Time is coming for GIGM's earnings, get the biscuits ready!
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