Bank Breakdown...

I am growing increasingly concerned about the price action of the BKX (Philly KBW Banking Index). It has failed to hold its July 2008 low. This sector may point to lower general market levels in the near to intermediate term.

Test Then Massive Rally (Hopefully)

The market is acting like it wants to test the low's here hopefully successfully, and then there will be a massive rally caused by appropriate SEC/Treasury appointments by Obama. We would get an even larger rally if Obama leaves taxes alone, ontop of great appointments to these posts.