10.01.2009

AT THE LOWS


Markets closed at the lows as there was hardly a bounce all day- the good news is we have lots of buy signals-


1) VIX about 13% above the SMA 10;


2) RSI 2 levels between 6 and 8 on major indexes;


3) TRIN at 3.57;


Other interesting stats on the day:


OEX with 8 winners and NDX with 2;


Dollar bucking the recent trend and up .75%-


OK buy signals and will look to do it tomorrow assuming the employment number isn't a total disaster - vehicles of choice will be EWA EWC EWZ EEM-

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