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The 20/20 Club


Where's the love?


The opening high was poked in the eye as the early supply quelled the upside try. The bonds are poppin' and that, coupled with the heavy S&P futes, smells like asset alligators are doin' their thang. Perhaps that's the stealth supply we sniffed out earlier?

Sun Microsystems (SUNW:NASD), meanwhile, is the latest inductee in the dreaded 20/20 club. With it's 20% drubbing on the heels of earnings, it joins the ever expanding list of those taking the fifth. There are some bright lights in the big city (most notably the internet space) but the early flavor is a bit bitter.

Breadth is 3:2 negative, energy is starting to catch a bid and the Minx is starting to eye yesterday's lows (which, by the way, are our trend channels). Stay on your toes and use your keppes, Minyans, the games have only just begun.

I'll be back.
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