Wednesday, March 22, 2006

Vista delayed

Microsoft delays release of its new Vista operating system. Market recovers from the early selling. Schaeffer's Research made the call on MSFT yesterday (link).

Refiners are a strong group, even with crude oil prices well off their highs, these stocks are basing for another run. Some stocks in the group are Valero, Tesoro and Giant.

GM and BMY up on news.

SEC approved silver ETF yesterday. I do not see it as a big event because of the advanced notice and run up buying before the news. I believe that silver may actually dip once the ETF starts trading, and that dip will be a good time to get in.

No comments: