Updated from Tuesday, Jan. 19

Dave's Daily

By Dave Fry, founder and publisher of ETF Digest.

January 19, 2010


Scott Brown won on Tuesday and the stock market rallied on the back of the Health Care sector prior to his victory.  Almost every other sector came along for the ride.  The thinking must be ObamaCare is dead and perhaps the perceived spending binge will at least be contained.  Is this why the dollar also rallied?

Also, it may be that Friday's big sell-off was just an options expiration related event. 

Volume was still on the light side certainly compared with Friday's which continues a trend of higher volume on down days and the opposite on rallies.  Breadth was quite positive.

Continue to Major U.S. Markets

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