5.05.2006

OFF TO THE BEACH


The markets continue to trade at their highs of the session sans the QQQQ and the SMH. The old economy stocks are doing well and I expect the major market indexes will close near their highs. The IWM continues to outperform the SPY and if the markets continue to trade higher it will continue to outperform. If they go lower, it will do worse. I have held off on the sale of my IWM as I anticipate money to come into the market next week and then that will be it for awhile especially in light of Jimmy Top Tick.

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