POST FED MOMENTS

Markets have bounced all over the board in the aftermath of the Fed minute readings but look to be finally heading higher.

Strong sectors include airlines, metals, internets, tech, defense, utilities, drugs and biotech with oil service, homies and semis lagging.

Winners include VRSN UAUA CSCO AMZN MICC GM ATI DNA COF IBM SNHY EDU CF CPA and MTOX.

Losers inlcude FCSX MTL CMCO AVT VIP NOV ALY TRAK S SLB NSM WMB BBBY NTAP MGM and AAPL.

Market internals are very strong on the NYSE with a net 1,000 winners while the NAZ shows about 350 to the green.

The NDX/OEX are strong with about 2 up to every red stock.

Rates are rising as the 10 year is trading at 5.114%, the highest I have seen it in a while.

I bought some OIH a bit ago as it appears to be a bit over sold. Remember, buy em when you can now when you have to.