6.06.2006

OPENING LOOK




Today's markets look surprisingly like yesterday's as the selloff continues. The internals show 2,000 more losers than winners and just about all sectors are trading to the red except for the drugs and the consumers. Metals are getting hammered as are oils, however, note that KLAC in the semi space is higher and that is one stock that generally leads the markets or at least it used to lead. In addition, 17 of the DJIA 30 stocks are trading in the green so maybe, just maybe we can get some of the last sellers out and begin a small rally. And on final note, Bob Pisani hardly seems upset about the recent market behavior, just wondering what that may mean.

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