Pre-Market Analysis (ER2) 8/14

Performance of Major Indices:

% Change	Aug 13	Aug 12	Aug 11	Aug 8	Aug 7
DOW	-0.94	-1.19	+0.41	+2.65	-1.93
S&P 500	-0.29	-1.20	+0.69	+2.39	-1.79
COMPQ	-0.08	-0.38	+1.07	+2.48	-0.95
RUT	+0.37	-0.81	+2.28	+2.93	-1.72

Possible market-moving factors (for Aug 13)

1. Retail sales report
2. Oil
3. Low trading volume (typical summer volume) amplifying price swings
4. Long-drawn-out concern about a weak financial sector
5. Ongoing bad news from banks and brokerages underpinning public’s concern that the housing and credit crisis are far from over

Factors that will potentially move the market today:

1. Oil
2. Financials
3. Yesterday’s intra-day trading movement (indices bouncing off lows during mid-day)
4. Economic data report

Economic Data to be released today:

Time (EST)	Data	Consensus	Previous
8:30a.m	Initial Jobless Claims	8K	+7K.
8:30a.m	Consumer Price Index	+0.4%	+1.1%
8:30a.m	CPI, Ex-Food & Energy	+0.2%	+0.3%

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Russell 2000 (E-Mini)

Estimated Volume	241, 852
Expiration	Sep 19 2008
Contract high	845.6 (Oct 29 2007)
Contract low	646.0 (Mar 17 2007)

ER2U8 (For Trading on Aug 14)

Close	747.90
Change	0.09 %
Volume	439
Open Interest	575,664	00:00 EST
		05:00 EST
		06:00 EST
		09:20 EST

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