01 February 2007

Morning Check

Market opens positive with internals almost 3 to 1 positive on the A/D line and up/down volume even more bullish with the Naz 4 to 1 and the big board 3 to 1...if the morning holds I'd expect some follow through from yesterday...trade seems much calmer then the last few sessions and the bears (pictured on the left) might not press any weakness...bonds, gold and oil all higher seemingly boosting the hypothesis that the economy is just fine...the dollar continues to be skittish against the euro and the pound...jfg.

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