Good Things, Small Packages $SPY $QQQ $IWM $DIA

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Call it lack of fresh news, breath holding now that earnings has begun, a market in digestion near the highs-your guess is as good as mine-but today was choppy with some great performers and others totally weak. It's that kind of divergence that keeps trading interesting. It's also a reason to have a mixed portfolio with longs and shorts (although with current phase, more long than short) and a bunch of instruments that seem to do their own thing regardless-like Pandora-one that has been very good to us last 2 years.

S&P 500 (SPY) Over 146 will look a lot better. January 2 low-144.73 key to hold. Not much has changed

Russell 2000 (IWM) Back to leadership with last week's high 87.44 the next small hurdle.

Dow (DIA) Last week's high 134.20 to clear today's low to hold

NASDAQ 100 (QQQ) AAPL is keeping this from flying, but lots of other names in this index held up well. Ultimately has to clear 67.34 last week's high and hold now around today's low.

ETFs:

GLD Having issues getting through the 200 DMA which seems like a good thing for the overall market.

XLF (Financials) Troublesome as it made a new 2013 high then proceeded to close near but not on the lows. That means tomorrow could be decisive about it holding here or selling off maybe back to 16.70

IBB (Biotechnology) Admittedly, I never expected this to take the lead once again in 2013. But, here it is-now overbought on the daily RSI

SMH (Semiconductors) Held the fast moving average with a late day rally. Now, with an inside day, follow the range break

XRT (Retail) Began the week negative in this sector, and still feel this is a good sector to look for shorts

IYT (Transportation) 101 here we go

IYR (Real Estate) 66.57 fills the gap from 9/19.

USO (US Oil Fund) 33.95 -34.10 resistance to clear.

XLE (Energy) Correcting into support and a bit choppy

DVY (Select Dividend Index) 58.10 now support to hold.

REE (Rare Element Reserve) Looking to see if this can clear 4.00

UUP (Dollar Bull) Has to clear 22.10

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