It is boring, but the best trade in this environment continues to be spending time with your family. Even with the market up a bit this morning, TRIN continues to hover above 1. There is no conviction (as we might have suspected going into Christmas) in the buying.
BLK and IBM are worth watching.
Blackrock is attempting to breakout over its all time high. If BLK can breakout 2-3% above $240 ($245-250), I’ll be looking to own this going into 2010 using the all time high at $240 as an area to manage risk.
IBM is also flirting with its all time high. Let’s see if it can take out $130.