1st reading of 2011

at 1:57pm est we have the market up in rally mode.

qqqq at 55.44
1-0 sell
9-7 sell weekly
5-0 sell monthly

aapl at 329.93
1-0 sell
7-0 sell weekly
5-0 sell monthly

gs at 173
1-0 sell
3-0 sell weekly
5-0 sell monthly

gld at 138.63
5-0 sell
9-8 sell weekly
9-1 sell monthly

fxi at 43.84
3-0 sell
1-0 sell weekly
5-0 sell monthly

i am not making any major theme changes to chiu index in these early days of 2011, major holdings remain top techs like aapl, goog, bidu and qqqq. other positions include fxi, gs, c, and distressed like csco.
i have not closed all the numbers for 2010 as i am building more extensive platforms for trading in the new year. what i do know is that chiu index will start at about 840 or so, up about 25% in 2010 with all cost included.  it is still a far cry from the highest levels of 3 years ago.  i am not certain those levels will be seen again anytime soon.
i feel that this year will be a difficult year for stocks.

paul


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