GOOD CRUDE

Markets continue to trade higher but there are certaintly some flys in the ointment namely the brokers giving up the days gains and the semis which refuse to participate in the rally. GOOG AAPL GS also all red so HEAD UP. Small caps of course are outperforming the bigger guys and that is bullish along with the great market internals +2,000 on NYSE and +1,250 on the NAZ.

Strongest sectors continue to be oil, oil service, reits, drugs, small caps, retail and biotechs. GOLD and SILVER are lower even though PAAS and SSRI are trading higher. Hmmm.

The oil patch is working out very well for the oil bulls as the OIH has now poked its head
above recent resistance and $150 looks like a good target before year end.