Read between the lines. Note the strength in technology spending. Durable good orders also showed the same strength in technology. The charts further illustrate the rotation into technology with the NASDAQ making new highs while the DOW and S&P are exhibiting more and more technical signs of weakness.
" Orders placed with American factories fell less than forecast in May as demand for computers, electronics and fuel helped make up for a decline in aircraft bookings, a government report showed. "
Source: U.S. Factory Orders Fell Less Than Forecast in May (http://www.bloomberg.com/apps/news?pid=20601087&sid=aiw0CWbwxMvs&refer=home)
Tuesday, July 3, 2007
Factory Orders Fell Less Than Forecast.
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