Tiring

The sloppy trading continued today. In fact, it leans a little bearish when lots of strong stocks were up and setting new highs and most seemed to fade by the end of the day. The fact that the terrific results from GOOG, AAPL, and MSFT didn't supercharge the NASDAQ is a troublesome issue. The fact that new highs have been declining somewhat is also troublesome. The fact that the NYSE advance decline line has been decelarating is also troublesome. The fact that we have been in a bull market and have broken out to new highs recently and the market feels like it needs to take a breather is quite acceptable. Net net, I think we will be weak but within the context of an uptrend.
Finally got something nice from ISE. But, the fact that neither CME nor BOT nor ICE rallied with sympathetic strength on this news is...ok, we'll use the word only once more...troublesome. I think we'll give them our stock tomorrow. Can't see it getting better than this.
One more troublesome - the Yankees. This team can't get out of its own way. Huge payroll and they are not playing well at all. The starting pitching stinks, the relief is as bad, the hitting has been great but that's not helping much. Guess I'm getting a little concerned that everyone says its early in the season so don't worry. When does it stop being early in the season? Well at least they can't lose tonight!