1.29.2009

THE LUSTER




Markets continue to trade lower led down by shipping, homies, gaming and banks while metals, utils and corporate bonds act best.

NYSE- 1850 net losers;

NAZ- 1235 net losers;

VIX- higher by 6.5% and way below the SMA 10;
TRIN- 1.37;

Interesting move in GOLD as it moves higher while the DOLLAR Index is higher by .6% and the EURO is down by 1.6% against the $USD.

So buying more gold as that trade looks to have a lot of luster on it for now.




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