3.30.2006

2:00 UPDATE

Back at the trading turret just in time for the Major League Baseball News Conference. This will be interesting.

The markets however are not so interesting as the 130 Pivot range on the SPY gives the market some support. The market internals are about 600 to the red and the major market sector winners are the Oils, Techs and Metals. The "forget the Naz" index is green while the DJIA and the SP 500 are red to pink.

The 10 year Bond is over 4.85% and this is causing a selloff in the Homie and Reit sectors.

Some good news is to be found with the Volatility Sisters as they lift approximately 6%.

I expect another lift this afternoon on the theory that the internals have not gone too far to the red.

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