4.03.2006

1:30 LOOK


The markets are maintaining their morning strength but the fly in the ointment remains the market internals.

The NAZ internals are now 400 to the red while the NYSE internals are 500 to the green. Just a bit mystifying.

The Oils Metals and Semis are the outperforming sectors as the Homies Reits and Bios trail.

The Volatility Sisters are down a bit but no where near sell signals. The closest thing to a sell signal is coming from the QQQQ and SPY where there 2 day RSI levels are 86 and 89 respectively. Any more jig in those and I will be out of all my ETF trades.

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