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ETF Market Technical Analysis Update 1-12-2010

|Includes: EWY, IWM, SPDR S&P 500 Trust ETF (SPY), XLB

ETF Market Technical Analysis Update 1-12-2010

Markets and commodities sold off across the board.  Was this a one time event or the beginning of the correction everyone believes is due.  Time will tell.  The SPY ETF and IVV (S&P 500)each sold off by more than 1% today and IWM (Russell 2000 small caps).  Our stops on XLB and EWY were both hit today with XLB yielding a 1% profit while EWY had a .7% loss.  Volume was better today than most days recently. Volume = conviction.  We will be watching for new signals from the Aroon and Keltner Channels.  Next Video Market Blog Update on Thursday.

Sea Lion Capital Management LLC 

Disclosure: None