Tuesday, January 19, 2010

Up Up and Away in my Beautiful Balloon (bubble)

Markets continued moving higher, today on the thought that perhaps the Health Care Bill won't pass if a Republican takes office in Massachusetts. Healthcare issues were higher, as reflected by healthcare SPDR (XLV), which rose 2.4% today. XLV is up 6.2% on the year.

Overall, leading the pack in my portfolio is Sandisk, rallying sharply but just back to the trendline from oversold conditions.

In foreign markets, China rallied 3.1% but like Sandisk, only was bouncing from oversold conditions to the trendline.


By far, the hottest market is Russia, up over 11% so far this year after tacking on another 2.8% today. Hot money continues to follow hot money.

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