6.05.2006

OPEN LOOK

The markets open lower with the gap unfilled as I write. The market internals show about 1,700 more losers than winners with the best performing sectors being metals and oils. Worst performers are homies internets biotechs and cyclicals.

I am playing the gap with a position in SPY at 128.6 with a stop under initial SPY support at 128.3. I am not that certain that the gap will fill, but I suspect at least half a gap fill up to 128.8.

2 Comments:

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10:57 AM  
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4:10 AM  

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