Thursday, July 3, 2008

Underperforming on a holiday shortened day

The markets close at 1pm ET today, and my portfolio is not participating in the Dow rally thus far. Both my oil drillers and tech stocks are weak, but I'm not reading too much into this holiday shortened session. I'll look for the coming weeks to determine if we are getting true sector rotation. And by that time, we will be heading back into earnings season. Hopefully any preannouncements in the coming week will be positive ones.

In any case, I'm done posting to the blog until after the holiday. I hope you all enjoy your 4th of July weekend.