05 February 2007

Snoozerama

Markets flop around slightly red with the DOW the only green on the screen...Semiconductors showing relative strength while home builders actually red...Internals mixed with A/D negative all around and the up/down volume positive on the NAZ while slightly red on the big board...The dollar stronger against the Pound and Euro while the Yen shows some gains...Not sure what I'm feeling here other there then there is not much follow through from Wednesday's burst to the upside...all that "new capital" doesn't seem to have affected the market's either way...look'slike the bear may start peeking out the front of the cave...but he sure is skittish...too many hunters out there ready to shoot...jfg.

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