6.25.2008

THE DIG


FWIW - just bought some DIG/XLE as oil tanks on the inventory numbers- this trade has worked out well over the past few years - just like selling the financials into strength - go with the major trends.


Note also the NDX/OEX internals very very strong with 170 out of 200 components in the green;


VIX dipping 5% - so watch that for some over sold levels- such as near 19;


Up volume still 3X down;


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