Thursday, January 07, 2010

Market Notes, Jan 7, 2010


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Gold => starting to turn bearish
Euro => bearish
Currently ES is sideways, but has yet to show any signs of weakness. Buyers are in control because the chart shows zero indication of sellers taking control - thus far. That said however, tech is already showing weakness; so, I will monitor XLF and XLE for signs of breaking down, and also as my signal to go short.

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