WHITE LIGHTNING

The story of the day so far is the action in the metal stocks and primarily silver. PAAS SSRI GLG GG MDG all ripping higher. The equity markets are having a poor day as the internals show about 1600 more losers than winners. The semis, brokers and banks are all mildly red and the vol sisters are all moderately higher on the day. Interest rates are most likely crimping equities as the 10 year bond is about 1% higher on the day. I still think its a buy the pullback market until the market tells me something else.