THANK YOU GOOG

Late posting today as GOOG is no doubt inundated with bloggers who are slowing the systems.

The markets are getting set for new six year highs(thanks CNBC)today as the DJIA rips 17 points higher as the SPX QQQQ and IWM all trade flat to lower. The winners today are clearly the precious metals (+2.5%) and the oils (+1%). My least favorite gold stock, KRY, trades down another percent as the yellow metal tries to climb to the $700 level. Funny how KRY and gold are correlated, Gold goes up and KRY goes down.

The losers today are in the tech sector as DELL spreads its stink to the Semis and other big cap tech. The brokers and the banks are mixed and the market internals are slightly red with the NAZ RED and the NYSE slightly green.

The purchase yesterday of JOYG is acting well as it joins the metals up over 2%. The recent OIH/XLE put sales are looking pretty as the prices of the puts drift lower to the eventual (hope) price of zero. Calling for the end of the Oil trade has not been a winner as the way to play has been "buy the dip" for at least the last few years.