6/2/2006

Another decent week of upward movement for the indices, but I'm not getting too excited about it. The market continues to be rebounding a bit, however, the little voice inside me is screaming bear trap, bear trap. Since the unemployment number was bearish and the payroll number bullish it basically washed out all the momentum. The oil rally a bit today, so I sold the rest of my vlo for +1.5/share and average down on my adsk after the selloff in the morning to 36.70. Next week should be a slow week with only the ism and wholesale inventory to move the market.


Longs Cost Unrealized g/l:

expe 14.99 -.75
mrvl 50.7 -0.60
rimm 68.7 -1
sun 68.90 +2
adsk 36.70 -.20