7.06.2006

EARLY PEEK


Markets open with a bullish slant with the DJIA being the best performer as 23 out of 30 are green. The NAZ /QQQQ /TECH continues to underperform and that is not longer term bullish.

Market internals on the early read show 1,500 more ups than downs and sector leaders include drugs and metals. Oils are slightly lower but dip buyers showing in that sector would hardly be a surprise.

My plan for the day is buy the dips and sell the high ticks.

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