Pre-open 11-06-2006...

Finally, the markets are rolling over, taking a much needed rest. In my quick take on the SPY's, I'd note the slow stochastics are nearing my ideal entry level (a cross over below 30) while the CCI is drifting lower, but not below my ideal -100. I am looking for a pullback to 135 and then 131. A full pullback would be nice as it would wash out the quick mo-mo players and get the media off the 'record'/'new' high blah, blah. Time will tell.

Notes:

Watch list: LKQX, WCN, VCI, KRON

Positions in RDN, BBX, and UST will be updated as things happen. Luckily, I was able to add to my retirement account and can support either more positions or larger positions. Right now I am looking to get back to larger positions to exploit moves.

For now,
Masterjaz out