DONE ?

It is interesting just listening to Mark Haines, and now he tells us that the DJIA isn't telling us how strong the market really is in light of strong market internals. Hey Mark, how come when the internals are weak and the DJIA is strong you never mention it? So much for bubblevision anchors.

The market internals are a nicely bullish 2,600 to the green which is nice, but don't forget that during the big downdrafts last week there were 4,000 more losers than winners. Just adding a little perspective.


Anyhow, check this out, the SPY is +1.05%, QQQQ+.92% and IWM +1.36%. So of course the small caps are outperforming once again. My bet and you will never hear it on tv is that IWM outperforms on the way up and SPY does less worse on the way down.

The winners this morning are the techs, brokers, oils and metals; the underperformer is the DRG group. Another question- Is it a coincidence that the commodities are up and the markets are up. Don't the talking heads (Pisani) get confounded when the commodities trade lower and the equity markets also trade lower. When will they realize that generally when the oils/metals/commodities do well, equity markets also do well.