3.24.2008

here it is


Markets are ripping higher as news of the higher BSC offer becomes official. The DJIA +183, NAZ +44 and SPX +21.


Strongest sectors- homies, brokers, retail, banks, emerging markets, trannies and gaming while utils, metals, drugs and defense lag.


Key stocks- 37/40 in the green led by TIF BIDU ISRG DECK C POT NVDA WYNN MER- red- KO PG GE;


NYSE- 1900 net winners;

NAZ- 1300 net winners;

NDX- 90 GREEN;

OEX- 82 GREEN;

IBD 100- 93 GREEN;


SPX and DJIA leaving heavy overhead resistance in the rear view mirror as the 50 on the SPX is for now support on any pull back.


And why is BSC trading near $11 and above the new take out price?
And when does all the money on the sidelines have to reappear- higher prices no doubt.


Oil back to the flat line and GOLD up $6+ as I type.

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