22 Jan 2010 Analysis & Trading Activity

US stocks are on a three-day losing streak, the worst the US market has performed since October. Investors remain unconvinced about the strength of the 10-month rally



I still think is shallow correction that makes this a buying opportunity for high quality names on the pullback. 1085 is a critical level in the S&P [.SPX 1091.76 -24.72 (-2.21%) ], . If we break below it the market could slide substantially.


In the SPY the put to call ratio right now is 2-1,which suggests options investors are more bearish than bullish.