3.22.2006

2:00 UPDATE


The one thing I see standing out this afternoon is the positive action in the Small Caps(+1%). The Naz is flat and the SP 500 is plus 4 or (+.3%). Uneventful to say the least.

The oil patch stocks have turned and may go red on the day given there is another 2 hours of trading.

Market internals are healthy at 1,600 to the green.

My only observation is that the market continues to be a buy the dip sell the rip environment.

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