I see two bits of information this morning. One has ELN coming out with a revolutionary new pain killer. ELN is up .60 cents. The other stock, QCOM, a stock that has gone from 25$ to 620$ in the last few months is up 120$ today, (and on the basis of one analyst), going to reach 1,000$. Go Figure.
Fortunately, I own both QCOM and ELN. I have added to my position in ELN. I feel that alot of money is being transfered and kept in the techs because of the santa claus rally. This is probably helping to keep things quiet in other sectors like the drug delivery and pharma. As soon as the tech start to correct a little, I feel we should some some money flow back to this sector. I think its just a timing thing. We should be flying high in the near future.