What a week! Finally had a much needed pullback to bring the bears out of hibernation. Russell 2000 ($IWM) took the biggest hit losing -4.3% and the distinction of the only index to be negative for 2011. Honestly, it’s nice to see some question come into the future direction of the market. January is over for me and I was able to sell some put spreads this week for the February cycle.
This coming week has lots of companies reporting earnings including 13 of the 30 Dow components. We also get some economic data from the FOMC and the Q4 advanced GDP, both should shed light on any adjustments to quantitative easing. Enjoy the links and your weekend!