THE VALE

Equities are off to the races with the SPX +16.5, NAZ +40 and the DJIA +142. Helping lead the way- the dollar- which is down .5% at 77.72.

Strongest sectors- just what the bulls want- gaming, energy, metals, emerging markets and small caps while airlines, retail, real estate and internets lag.

NYSE- 1950 net winners;

NAZ- 1600 net winners;

SPX- 450 GREEN;

NDX- 92 GREEN;

VIX- down 5.5% at 20.45- and a hair above the SMA 10.

TRIN- .58 - with BAC C AIG helping and FRE hurting.

GOLD- higher by $25 and silver up almost 4% at 17.55.

Have been long DIG and VALE for a little while and will probably take some off both today- markets obviously getting a little over bought here and with TT tomorrow - well - here are the RSI 2 numbers:

SPX 74

DJIA 71

NAZ 79

NDX 75

RUT 78

GOLD 92

SILVER 94

DIG 82

VALE 96

So there it is to start the year - my predictions on gold and SPX at a nice start.