3.24.2006

GONE FOR THE WEEKEND

I am about to leave for the east end of Long Island but before I go a few observations.

Every dip is bought and every rally is sold.

The Semi's are catching a bit of a bid as the SMH is green by 1% plus.

The metals sector remains strong as the HUI is now +3.5% and the XAU is +2.75%.

Volatility Sisters remain unchanged as usual.

Market internals remain 1K to the green so look for more strength into the close. The Oils are higher again, but they are all over the place today so I have no hint where they are going to close.

SPY remains constrained by 130 to 130.4. Remember, buy lower sell higher.

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