8.31.2006

HI HO


Markets are putting most participants to sleep but there are some equities worth watching and yes, my old fav SSRI is back on the radar screen. SLV, the silver ETF is up almost 3% today and SSRI, one of my precious favorites is up almost 6%. PAAS is up over 6% as it plays catch up since it has underperformed of late. I am taking some off and will look to add back at lower prices.

Back to regular equities, markets have barely moved as the SPY has stayed in a 37 cent range and QQQQ remains in a 27 cent range. Market internals still hang tough with 1,000 more gainers than decliners.

Sector winners include metals, oil, brokers GS(+$1.40) and trannies; to the downside include semis, internets, tech and biotechs.

I anticipate some kind of late lift to be sold as folks wait for tomorrow's somewhat important jobs number.

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