20090126 PM

DOW 8116.03 +38.47
NASDAQ 1489.46 +12.17
SP500 836.57 +4.62
CBOE Volatility VIX* 45.69 -1.58

Metal and oils up. Gold at highs in many currencies (not the dollar).

Pre-market down on news that UK banks were "hours" away from collapse last Fall. Markets were up in the morning then pulled back to close slightly up. Unable to hold up, the markets look weak and there may be a strong pullback.
There are no buyers, so other than a short squeeze there isn't much to propel the market higher.

DRYS had nice move up in the morning, so closed the long position (for loss).
BGU when market appeared to not be holding highs of day, put in tight trailing stop and the long was closed (breakeven).

GLD SLV looking to retrace. Mid and long term want to be long.