Delayed Alerts for January 7th

Wednesday, January 7, 2009

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9:30 am

Good Morning, Wednesday Morning, A day to regroup.

Today the markets is going to be tested and see how resilient they are, I feels really good that i took a lot off the table the last 2 days. There is a great chance we can get a sustained pull back. Going to keep powder dry and focus on shorts today, and relative strength issues.

10:43 am

Relative Strength

Sector EFT leaders & laggards through the first hour of trading.
First Hour ETF Sector Strength:
US bonds- TLT +0.4%, Ag/Chem- MOO +0.2%, Biotech HLDRS- BBH +0.1%

First Hour ETF Sector Weakness:
Coal- KOL -6.8%, Solar power- TAN -6%, KWT -5%, Semis HLDRS- SMH -5.2%, Gold miners- GDX -5.1%, SPDRS metals/mining- XME -4.9%, Silver- SLV -4.2%, Oil HLDRS- OIH -4.2%, Steel- SLX -4.1%, Clean energy- PBW -4.1%, SPDRS homebuilders- XHB -3.2%

10:46 am

CME and C

CME and select financials showing strength today in the face of the market weakness.

Looking to scale into CME a little, I haven’t pulled the trigger yesterday, but seeing something.
Also looking to add to C.