1:01 pm PST. The emerging markets, EEM, and U.S. core indices corrected today, but I think it will probably be short lived. All eyes will be on the state of the union address tonight. I spotted 950,000 shares of BAC block traded at 24.61. We closed above and the pattern looks bullish for tomorrow. I am expecting a pop higher in the financials.
Gold sold off into the close while the U.S. dollar caught a bid. I think gold could test 1241 tomorrow, which is the 200 weekly sma.