AFTERNOON MARKETS

Markets continue to trade higher with the NAZ and the small caps leading the way. The DJIA is +50, NAZ+15 and SPX +4.

Strongest sectors include airlines, trannies, silver stocks, small caps,semis, retail, tech, mik caps and internets; to the downside are brokers, metals, finanicals, emerging markets and biotechs.

Market internals have predicted the direction as they have been fairly strong all day. The NYSE has about 950 more green than red and NAZ about a net of 750 green.

The major indexes also show green internals with the OEX showing 62 green, NDX 75 green and about 310 green on the SPX.

Key stocks finds INTC GOOG AAPL KLAC all nicely green while GS ICE CME MER MS IAI are all red.


The SPX was hovering above its daily pivot at the 1,422 level all morning and has now broker up to resistance at the 1,427 area. I suspect higher prices later in the afternoon as the can't get em down they will take em up trade continues.