2.07.2007

STOP TRADING


So like clockwork, Jimmy came out with the shill at 2:40 est on CNBC and said yes, we can own tech here because its "down so darn much." Well truth be told the stuff that is down so darn much is GOOG MSFT and AAPL while the XLK has been higher since he uttered his "can't own tech here" the first time.

And my DJIA Futures call wasn't that good either as the futures hit their peak at 12,730 and turned around. I am still in the "buy the dip" mode so I haven't given up on the DJIA making another new high shortly.

And how terrible are these big caps as the DJIA/SPX / OEX continue to underperform big time being the only major market indexes that are flat to down on the day.

And now Dylan is blaming the turn around in the indexes on the weakness in XOM. Interesting as they usually believe that lower oil prices are good for equities. Nice Job.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home