11.15.2006

OPENING PEAK


Same as usual, markets open higher led by the NAZ and the tech/semi group.

Sector leaders - airlines on the heels of the delta proposal, homies, trannies, internets, retail, biotech, and small caps. Leading lower we find metals and drugs.

Market internals pointing north although nothing great with +500 on NYSE and +350 on NAZ.

Interest rates are moving back up as the yield on the 10 year Bond is back to 4.61%.

Oil patch numbers are due out at 10:30 EST and everyone is expecting a big build. Just wondering if the oil stocks will go higher on any number build or no build. I suspect so.

And isn't it a great market when anyone who buys stocks is a genius.

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