13 February 2007

Breakout Sly...

The strong open sold pretty strongly here...as the Naz futures fail to tap the 1800 level...Market internals strong but not unduly so...a/d line 16-13 on the Naz with the big board showing relative strength at 2 to 1 green. Up/down volume almost 3 - 1 on the NYSE and more then 2 to 1 on the Nasdaq...

Legged into my favorite trading vehicle, the QQQQ March puts near the $44 level...pretty much done here as Valentine's Day will absorb most of my attention for the rest of the day...I'm out...jfg.

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