Pre Market - July 12th 2007

I have some more retail same store sales data this morning and it is looking good. I say good because generally the data is better than some analysts were expecting. If this better than expected data keeps coming in from the retail front I see retail as having a boost.

This morning JOSB (rebeltrader watch list item) reported better than expected sales and added that their net sales for the fiscal month increased 11.5%. PSUN,JWN,BKE,WMT are reporting better than expected sales data. Macys (M) reported lower sales data and issues downside guidance for Q2.

The US Dollar set another record. The Dollar set a new record low against the Euro.