More tonight…

Trading Tactics
As we open the trading day, gold futures moved off their two-week low, as the front-month contract was trading $2.40 higher at $625.20 an ounce.

Also ticking up was crude-oil futures rose, which ticked up to $59.20 a barrel on a carry-over effect after Wednesday's data that showed an almost 17-million-barrel decline in distillate supplies in six weeks.

Looking at the Telecom HOLDRs (TTH - AMEX), it looks like the basket of telecom stocks is finding a support point right around the $33 level. Further upside will provide a boost for our TTH play in WS Trader.

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