3/1/2006

Just when you think the market will reverse it does a head fake and continues the upward surge. But this time the naz is finally coming along with the dow and s&p500, which is a good sign. More economic data like job claims tomorrow and the ism and sentiment numbers on Friday should add fuel to this fire. But, we are going into the end of the 1st quarter and majority of earnings are out so what else will move this market? That is why I'm very wary and nervous about these high levels we are entering into. No trades for me today, just watched the market chug slowly upward.

Longs Cost Unrealized g/l:
dvn 61.43 -2.26/share
sun 77.32 -1.11/share
wfmi 65 -1.33/share
nbr 68.20 -1.34/share
sndk 56.80 +4.75/share

Shorts Cost Unrealized g/l: