Another Week Gone

You know it's been a tough time for the market when only a smaller loss in comparison to the prior two weeks is considered a good thing.

For the 4-day week the S&P 500 declined -2.14%, Dow -2.46%, Nasdaq -3.40%, and the Russell 2000 -4.73%.

To win this week you either had to be long and strong gold (see DGP, UGL, GDX, GLD) or be "ultra" short (EFU, SDD, SJH, TWM, FXP). No doubt, today's big spike in oil (USO) will be talked about quite a bit over the weekend not to mention another reversal in tech and financials..

Beyond my screens, some of this week's big upside movers were Satyam (SAY), Stemcells (STEM), Novagold Resources (NG), Geron (GERN), Forestar Real Estate (FOR), Aastrom Biosciences (ASTM), Gammon Lake Resources (GRS), Limelight Network (LLNW), Aurizon Mines (AZK), Northgate Minerals (NXG), Seaspan (SSW), Keycorp (KEY), Hecla Mining (HL), Silver Standard Resource (SSRI), Gold Fields (GFI), Brinker (EAT), Interwoven (IWOV), & Yamana Gold (AUY)

Next week we close out January with a Fed meeting, lots of earnings, and much more data. Go get some rest, have some fun, and I'll see you back here on Monday!