Pre-open 09-21-2006...

Not too much going on since my last update. Markets have been okay, but most stocks look overbought and the market internals are diverging from the new highs seen. It is a difficult market even if the indicies don't show it. The CCE trade is flat since I entered and I am slightly surprised it did not participate in the rally yesterday, maybe today as the futures are higher. I did a quick check of CCE's beta and it was 1.1, so it should roughly correlate with the market.

As for my watch list, I found 3 charts out of 73 that I liked. As I said, the market looks overbought and finding good candidates is difficult. Watch CAG, LPX, and NTY for possible trades using the usual criteria.

For now,
Masterjaz out