Something to be mindful of is the looming Morgan Stanley Capital Index (MSCI) deadline on the 31st. May. The deadline for fund managers to readjust their weightings. This second tranche of changeover is not expected to have much impact on the markets although we may see some short term gyrations in the coming week which should provide day traders with plenty of opportunities. Those affected by index selling are Telstra, News Corp, Coca-Cola, Tabcorp and Leighton Holdings.
