MORNING COMMENTS

It's an exciting day on Wall Street or at least CNBC where we find the SPY up nine cents, the QQQQ higher by seven cents and the all important DJIA higher by 37.

It is kind of ridiculous when there are well over seven thousand stocks traded everyday, the geniuses at CNBC have decided to focus on thirty big ones. Obviously they focus on what ever index is going up lately for if the NAZ were approaching its all time high and the DJIA were 55% below its all time high, there would not be a word mentioned about it.

Anyhow, today markets are slightly higher as SEMIS lead with financials lagging. Other winners include oils, biotechs, techs and small caps. Worst groups are internets, metals and brokers.

I will go out on a limb and predict we get near the all time DJIA high today and I its been a while but I recommend this article from Revshark as he mentions many of the things I have been saying for several days now.