Monday, January 19, 2009

Market weakness continues. Strength in metals and agriculture.

Market weakness continues with financials leading the way lower.

From Jan. 1st through the 17th:
The S&P 500 is down 5.9%
The Dow Jones is down 5.6%
The Nasdaq Composite is down 3.0%

Strength is currently being experienced in Metals and Agriculture.

Ride these sectors until they cross back below their 50-day moving averages.