10.04.2007

TREADING WATER


Markets continue to trade near the flat line with out much xcitement as folks wait for tomorrows Job number and try to play the fed yet again.


Brokers did not act well while banks, oils, drugs and biotechs trade green.


Key stocks in the GREEN include BAC BAM BIDU CELG COST GE IBB ICE JPM MA MGM POT RIMM WFC;


In the red, AAPL AMZN BG C CME CROX GOOG GS ISRG KLAC MO MS MER NYX SMH UA XOM;


One stock that I added was CNQ, a big Canadian oil company with some pretty smart owners including FAIRX; CNQ makes up 16.5% of the FAIRX assets. Other big owners, FMAGX WWNPX NYVTX VGENX PRNEX and WGRNX.


No doubt we will get more volatility tomorrow as I root for a pullback to the 1510 level on the SPX.


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