Equity futures are trading higher with the ES +2.5, NQ +2 and YM +14.
The dollar is lower by about .5% at 77.9 while gold is +1% at 1104.
Its going to be another slow day so not going to be here very long - but first some links:
The Market Sci blog with its most popular posts of 2009- some very good stuff.
The NYTIMES with the key obits of the decade.
New York - not so good.
The list from 1999 no longer on the list.
Jim Grant on the surging economy.
GOLD to 5k.
BESPOKE -the round table.
Rick Warren- pleading for money.
Dave Barry -2009.
Finally- farewell to the zero's - the ten's have to be better -
Equities are bouncing around near the flat line with the SPX -1, NAZ -1 and the DJIA +1.
Strongest sectors- semis, tech, junk, emerging markets and ags while gaming, metals, internets and retail.
NYSE- 600 net losers;
NAZ- 500 net losers;
NDX- 60 GREEN;
SPX- 218 GREEN;
VIX- 20.1 and a hair below the SMA 10.
TRIN- 1.37 with down volume about 2x the up.
BAC FRE FNM C all lower.
Very little in the way of excitement and looking to turn off the machines and head out shortly- and probably done for the week as my time can be better spent at the gym- on the bike.
Equities are pretty quiet starting the week with the SPX flat , NAZ +4 and the DJIA +11.
Market internals have been dipping most of the morning with the NAZ the worst at 400 net red- SPX not so good either at 225/270.
I sold some IYR and bought some SLV - but it should be a boring week-
Anyhow- some good links to start -
The QUANT and his greatest hits for 2009;
Jeff Saut turning a little cautious after nailing it;
The BESPOKE Roundtable;
Some other flops of the decade besides equities;
Equity indexes have opened higher but seem to be struggling at these levels as - we are way overbough as witnessed by the following RSI 2 levels:
Stronges sectors- energy, reits, real estate, Brazil, internets and retail while bonds, homies, trannies, semis and brokers lag.
NYSE- 600 net winners;
NAZ- flat internals;
SPX- 275 GREEN;
NDX- 55 GREEN;
Gold flat at 1105 while the dollar is down about .25%;
Oil up not quite 1% at $78.7.
All the little junk higher including FNM FRE AIG C and BAC.
This fish looking to buy some pullbacks today - and it appears that QLD is the place - My VALE has ripped off the bottom and will probably scale out of that this morning - other thing that looks interesting at these levels- SILVER.