World's Biggest Production Pick-up Truck To Be Unveiled.

I don't know what this means for the state of civilization, but I do know I want one.

Early movers this morning:

The coil scanner picked up RIG. Transocean is pausing after having run up 25% over the last month.

RIG, 30-min. Chart

Wall Street confronts a different depression, by Landon Thomas Jr.

[The perils of working with that manic-depressive colleague, Mr. Market.]

Retail investors don't read independent research (or in-house research for that matter).

Ameritrade CEO optimistic on the future, by Nick Olivari:

TradeStation Now a Self-Clearing Brokerage Firm (Press Release)

Instinet Group Announces August 2004 Transaction Information (Press Release)

Here's an example off the 15-minute Nasdaq 100 futures chart which shows why countertrend trading is generally a bad idea. Sure the wedge looks great, the Test of Top is "obvious," but anyone who tried to fade the NQ last Friday would have had his ass handed to him.

Nasdaq 100 futures (NQ), 15-min. Chart

You can find yesterday's Unusual Suspects on the Unusual Suspects page.