MORNING LOOK

The indexes are barely higher this morning but the internals are telling a different story as they
are about 1,100 to the green.

The sectors leading the way are the brokers (+1.25%), reits (+1.66%), Small Caps(+.4%) and GOOG (is that a sector unto itself) up 7 or almost 2%. The oils will probably be a battle ground until 10:30 when the crop report shows.

I am hearing the generally bearish Doug Kass is jumping on the cheap ( former Cramer favorite circa 2k) TWX. It has plummeted to the 16 and change area and he is probably correct.

Another stock on my radar is VSL. This has been a favorite of Jay at globaltechstocks.com (sub required) and it has been a home run. Jay Adam and TC are a terrific read on that site each and every day.

The Pivot Point on the SPY today is 129.6 with resistance at 130.15 and support at 128.7.