08 February 2007

Red for Valentine's Day?

Pretty good downdraft here in the am session but the bulls will not easily be swept away...market internals are bearish with a/d lines just negative and u/d volumes 2-1 neg. on the Naz and 3-1 red on the big board...big news are the CFC restating earnings and TOL out look...GS, GOOG MER,JPM,AAPL, XHB, SMH all to the red...I'll be watching how GS holds up here...they led the market up and if they start to fail here the market will follow...Euro holding up well and bonds falling...gold up about 4 bucks...jfg.

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