4.13.2006

BOREDOM

Boredom sure does reign and I have switched from the genius of CNBC to the excitement of Yankee baseball. I have also bought some SPY for a day trade at the 128.9 area for a quick flip. This is the Pivot area and I expect some support at that level now that the Naz internals have flipped to a strong 750 to the green.

I wish I had some great insight into todays trade , but I think its just buy dips and flip rips as I expect the pre holiday trade will meander in a fairly tight range.

Tech/Semis are still the strongest sector, which is bullish, and homies and reits are lagging. Oils and Metals are meandering flat, and yikes, the IBB is green (+1%) on the day.

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