Big picture is this: IIX Internet index is flat and has begun to drill down lower, The shippers BDI index
has been dropping for 8 months although lately is flat, THe GOLD index GOX is edging lower,
The TAN solar index is very choppy and lower, The VIX is flat and is not an indicator, The USO Oil Index is
hugely off of its top and looks to be downtrending, the MOO is edging lower after a huge 2010 climb as the Market
Vectors Agricultural Index, Now there is one bright spot and that is the XRT retail is climbing, but one
index does not a market make.
The GSG commodity index is edging lower as well, so out of these 6 indexes mentioned one is climbing so
I consider this a bearish market call and a perfect opportunity for some FXE and FXF correction and improvements
in the UUP USD relationships.
I just calls them as I see them.
