As Goes January So Goes the Year

The second trading day of the year, Dow up 12 of last 16, historically. "As goes January, so goes the year"....good or bad stock performance can set the tone for the months that follow, and America WANTS the market to do well, and wants its retirement accounts refilled.
This is good optimism and we hope it breaks a pattern

XEKAC JAN 2010 515.0000 CALL, however, was not available on the run up, and we missed the trade. Of interest, the option went up only slightly from the run up buy in the morning. With a strong count to the call, we'll continue call recommendations.

Of Note: Bernanke has spoken of rising interest rates....just started talking, so expect this to be more serious in coming months.

Note the market held at 10,650 (right in our Dow projections) most of Monday. There is a struggle the 10,746 and how this week fares will show us.

It's likely to have an upside day, on any good news, and the bears remain on good footing themselves.

Note the dollar is now hitting resistance, and Gold is hitting a major support line. If the dollar moves exponentially up past resistance a breakout to the USD could occur.

However, GLD gets "play" these days and is the talk against inflation, this all plays on the optimism, and hesitancy in the market.

Most indices rose with rising volumes on the exchanges.