I rarely discuss bonds here which could be seen as surprising since it is a huge market, one that every investor ends up buying in. The explosion of ETF’s has also made it much easier and affordable to invest in as well. it has even made it possible to create fully diversified retirement ETF portfolios.

If you’re a Houston trader or are located around the South Texas area, make plans this Friday to see me present live in conjunction with Worden!

On both Friday & Saturday (Feb. 10 & 11) at the Worden TC2000 workshop, I’ll be teaching live. It’s at The Woodlands Waterway Marriott (1601 Lake Robbins Drive, The Woodlands, TX 77380). The workshop starts at 10am and ends at 4pm, and I’d love to see you there either day.

Quote of the day

Eric Falkenstein, “ We are nicer, better, less short-sighted, when we have to compete.”  (Falkenblog)

Chart of the day

This has the makings of a very quiet week. Earnings season is winding down and the economic releases are light. Stocks have good momentum, but the market is bumping up against major resistance. Greece has not reached an agreement with private investors and that is weighing on the market. Unions across the country are striking and that is making investors nervous. Greek officials are trying to draft austerity measures that would lay off 15,000 public sector workers by the end of 2012. The minimum wage would be cut by 20% and they are also trying to reduce pension benefits by 20%.

Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD CHF 0.19 EUR 0.18 GBP 0.03 JPY -0.10 AUDUSD has powered higher overnight as the RBA shocked the market by keeping interest rates on hold at 4.25%. The consensus view was that the Australian central bank would opt to cut rates by 25bps for the third time in a row; but instead, policymakers deemed the current interest rate appropriate for now. It is likely that RBA members wish to allow the effect of the last two cuts to feed through…
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Uh, can´t help much but I have bad "habit" to buy some of these little trouble some companies usually during the january-february. This one got some-what positive feedback for this i-product (they are currently designing new one with alliance of another company which have sound also). 
Company potentially used so called fire-sale to fund them more few years back which also leaded to destroy current shareholders equity. At times it was however more close of 4 or 5 bucks stock.

Markets eased up on light volume, consolidating Friday's gains. The semiconductor index suffered the worst of the selling, but its losses were well within the boundaries of a pullback.

While the Russell 2000 flashed a potential bearish harami cross; look for a retracement to the rising trendline.

March S&P E-mini Futures: Today's day session range estimate is 1329-1340. The longer term trend is upward. A rally from the November 25 low at 1147.50 which matches the size of the October rally would bring the ES to 1370.

QQQ: Headed for 63.

TNX (ten year note yield): The 10 year yield has started a move to 2.50%.

As suggested by readers, we evaluate here Douglas Kass’ outlooks for the U.S. stock market since mid-2006 as extracted from his Seabreeze Partners blog.