7.27.2006

CAUTION

Markets are trying to rally on the news from Palestinian President Abbas that the Israeli prisoner may be freed imminently. Not sure how Hezbollah will react, but it certaintly needs to be watched.

My take, watch the NAZ internals as they sit at +275 as the futures rally. That is not bullish and with the oils selling off on bullish natty gas info, I would be cautious about buying.

In addition IWM is lagging the major indexes so more not so bullish news.

3 Comments:

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