11/2/2006

This markets wants to consolidate but the buyers keep on propping it up with all the new institutional money pouring in for the new month. I think it is a wait and see strategy the traders have implemented. They are waiting for the job number on Friday and how the election plays out between the two parties. As for myself there just aren't that many plays with a non volatile market and the earning season is starting to dwindle.

Longs Cost Unrealized g/l:

uso 65.70
sndk 51.90
ntri 64.40
bhi 70.31

Short Cost Unrealized g/l:

jnj 77.11