Wednesday, June 21, 2006

Today Could Be The Day

This rally is shaping up to finish strong. At the risk of being a jinx, today could finally be the follow-thru rally that I have been looking for.

The SPX is running into resistance around last Thursday's highs, while the COMP has already surpassed those levels. The RUT has more work to do, but it is up a solid 2.3% so far today.

Oil is up also, but that doesn't seem to be hurting. Bond yields are flat. And GOOG is above $400. Semis, energy, brokers, and homebuilders are all up 3%+. Nice action.

long GOOG

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