12.18.2006

TECHNICALS-OIH


Now that OIH has traded above 150, my year end target, it has dipped to the $146 area and I am looking to buy it back under $145 as no doubt cold weather will show sometime before long.
In addition, I suspect the private equity groups may see some value in the sector sending the group higher before too long.

Back to the equity market, market internals have flipped to flat with semis and gaming being the best performing groups.

GOOG is being taken out and shot today as it is down 7+ points while GS is higher and AAPL is lower on the key stock tell front.

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