8.14.2006

OPENING LOOK


Markets open higher with leading sectors being airlines, trannies, retailers, semis, brokers and biotechs while metals and oils lag.

Market internals, a bullish 2,200 more winners than losers and I will be keeping a close eye on SMH, IWM, GOOG, AAPL, GS, BKX and XBD. If these stocks/indexes start giving it up, I will be looking to short pullups as it already looks like we opened at the highs and have been coming in since. Fleeced again?

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