3.13.2006

FIRST LOOK

The markets open green with the internals showing 2400 more stocks up than down. Banks Brokers Semis Oils all green and metals are mixed. The index leading the way- do not tell the talking heads on TV but of course that is correct the Small Caps IWM + 1%. The SPY is up to 129 and change and the 2 day RSI is back up over 80 while the VIX is plunging almost 5%. There is lots of resistance between this point and 130/131 on the SPY and I am selling more stuff into the ramp including my lucky AZR stock. What a dog that has been but most dogs do get their day (lol).

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