3.31.2006

1:30 UPDATE

Certaintly a snoozer in the financial markets today and it makes one wonder what exactly I am doing at the turret when it is 74 degrees outside. It seems like most traders/portfolio managers will be very happy to book their first quarter gains and refocus on Monday.

The Market internals are exactly flat, and the only sectors showing any movement today are the Oils(-2%), and the Metals (-2%). Banks Brokers and Retailers are a tad higher but it is generally mind numbing action.

The Volatility Indexes are drifting a bit higher and the SPY pivot point has held as resistance all day. Any drop into the SPY 129.2 area will probably catch my attention for a quick flip.

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