20100104 PM, DPO PHK

Dow 10,583.96 +155.91
Nasdaq 2,308.42 +39.27
SP500 1,132.99 +17.89
30-yrBond 46.6000% +0.1900

The first day of the new trading year started with a lower dollar, higher market indices and higher energy/commodity prices.

GLD 109.80 +2.49
SLV 17.23 +0.69. Big price spread.
PTM 19.12 +0.72

XLE 58.81 +1.80
XLF 14.69 +0.29

VXX 32.71 -1.36

NGD 3.79 +0.15 +4.12%
RBY 4.92 +0.21 +4.46%
EXK 3.89 +0.25 +6.87%
SLW 15.79 +0.77 +5.13%

The selloff in these the last few days are signaling impending credit problems. Look to short on a bounce:
DPO 10.7101 -0.2299 -(2.10%). 52 week range 6.00 - 13.81.
PHK 10.22 -0.63 -(5.81%). PIMCO High Income Fund. 52 week range 3.27 - 12.45. Three down days in a row.