4.06.2006

TO THE POINT / THE REAL DEAL


It has been a busy day here at Shark HQ with the mad monkey on KRY, the news of the Presidential leak, Billy Wagner blowing his first Enter Sandman save, Vijay leading the Masters and the SPY closing at the Pivot Point.

The winning sectors today were Big Cap Tech(QQQQ) AAPL, Semis(SMH), Brokers(GS) and Internets (HHH). The losers were Homies(HGX), Reits(IYR), Biotechs (IBB) and Drugs(PPH).

The internals finished the day at 600 to the red as they never confirmed when the markets turned higher.

Our Volatility friends also fell off after rising in the morning. They are not near any signals and we wait for the lift that never seems to come.

Tomorrows Point on the SPY for those trading is 130.75, with Support and Resistance at 131.25 and 130.2 respectively. I will not be trading as I will be away from the turret until Monday.

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