8.24.2006

SLOW GO


Markets are off to an uninspiring start as they trade near where they closed yesterday.

Best performing sectors include metals, drugs, bios and tech; biggest losers are homies, internets and retailers. Oils financials and GS trade flat, also offering no help.

The most bullish indicator on my screen is the internals as they show about 1,100 more winners than losers.

The most bearish indicator on my screen is the lack of upside movement in the small caps and the semis.

It looks to be one of those days where the gym may be the best alternative.

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