Wednesday, March 5, 2008

03.05.08 - Waiting on AMBAC

The AMBAC news pending is causing some noise here, but overall, Cumulative Tick has been very constructive and continues to slope upward. Also looks like money is coming out of bonds, which is healthy for equities (and commodities today). Keep an eye on that VWAP. Relative to the rest of the market, the financials are flat on the day. Let's see what happens when the news comes out.

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