TCM Notes : 5/7/09

• Not much in the notes today as most themes I ran across today were the same ones discussed earlier.
• BX, FIG, and KFN showed some topping out sell the news type of action today.
• The strength in the banking sector was phenomenal today leading me to believe we may see some sell the news action. However, many names closed above their 200dma. So we'll see if there will be stress in the market after the official remarks tomorrow. Many banks have conference calls after the close tomorrow around 5:30pm ct.
• Saw an article on my cnbc rss that said they need a new word for "green shoots." Thank heavens...it's about time.
• A pullback is welcome at this juncture.
• Mutual fund inflows are starting to slow down after 7 weeks of strong inflows.