2.27.2006

STOP TRADING


Thank goodness Jim is back from winter break today. I am hoping we can get ten or twenty recommendations from him this week so we can get to the magic one thousand mark sometime this summer.

As I watch the markets, I note that the internals (adv/dec lines) are about the same place they were after the markets opened. So there hasn't been much of a rally since 9:30 regardless of what Bob Pisani may be saying. The banking and brokerage indexes are fairly flat and the market will not go far without them. I want to reiterate my morning comments, its a better time to sell than to buy.

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