A FEW MARKET NOTES

SALESFORCE.COM (CRM) knocks it out of the park. Huge gap to the upside. Other SOFTWARE names react in sympathy. Many software names have been basing since July 13. Not a bad idea to have them on your screen. A few more report this week.

GDX/GDXJ hold right around the 50 day moving average yesterday. The 50 day average is a place that gets defended time and time again in an uptrend. A break of the 50 day usually ends the uptrend.

TECH continues to be the bull of the woods as we have not seen such a chasm between TECH and most everything else since 99. Eventually, this chasm will narrow. It never lasts forever.