Stock Market Commentary 20080806


Stock Market "Break out Fever" and the death of the commodities and oil bull market chimes the media flaps... give me a tissue, please! Started scaling into the energy and other "stuffs" lightly at these levels, although anemic move higher by general stock may also be inclded as well into the election. Previous estimate of range test down to 1220 on the S&P may not materialize and require smaller straight/net long exposure to indices, NDX and R2K still suspicious.