The SPUZ continue to defy gravity - they cannot trade lower during the regular session - there are a handful of momo stocks getting hit today, REITS, RIMM, AAPL has give up its gains from the morning and is now slighlty lower. But the SPUZ are up - always bid - its truly as if sellers know that they are going higher and will not sell at these lowly prices of 1007. Its stupefying. All this ensures is that when they do break it will be nasty, swift , severe a 30 point down day.
MPGpA is coming back - people are figuring out the story. Thats a good thing. I put on a short in SBUX this morning - the stock has been ripping higher - I bought calls and shorted stock so that my risk is celarly defined.
JB
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