1-26-2009

The hope, once again, fail upon technology.

GOOG and APPL did not disappoint.  IBM helped as well.   so, we saw the improvement of the tech land for the last several sessions.   SMH especially leads all indexes.

It may not a beginning of a new rally, if the assumption is that the indexes are range bound, what we see maybe a bounce from low end of the band.

Macro economy may help as well. With new president looked busier than the one he replaced, it bound to raise the hope that something could come from Washington.

But be careful, it is a news driven market out there, and market can turn in a blink of eyes, so, nimble trader should benefit.