3.14.2006

12 UPDATE

I was hoping to hear from the Murry twins on CNBC this morning but not a word. The markets have found a bid this morning on the heels of the falling interest rates. The 10 year is back down to 4.7% even and that is giving a jig to just about all sectors and especially to the homies which are now higher by almost 3%. The Small Caps have also flipped the upside switch with the internals which are now 1,400 to the green. Big Cap tech and the SMH also doing well for the bulls. The VIX surprisingly is only down by 2% so its not like complacency rules. The SPY is trading right up to its daily Second Resistance point at 129.5 and that may be a good place to sell em if you got em.

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