Pre Market - July 10th 2007

The broad markets today are going to be a bit of a wild ride. We have Home Depot coming in with some numbers which further highlight the bad housing market here in the United States. And the big Sears Holdings company had some terrible numbers and low same stores sales data.

Today at 1pm Fed Chairman will be speaking in Massachusetts. It is being said that he will take questions afterwards. The market will move on his every word! Watch out this afternoon for a ride if he says anything that the markets perceive as "fighting words".

The price of a lot of indices are reaching the top of their trading range again. So added volatility may happen as we try and get through them again. Futures are down at the moment.