AlphaKing.com
Daily Trend and Trade Review	January 7, 2010
Trader Talk The major stock indexes traded back and forth the unchanged level once again today, with a mixed close run on increasing volume. Officially, the Dow Industrials rose 0.3% on NYSE volume of 5.9 billion shares, while the NASDAQ fell a scant 0.05% on 2.3 billion. The leadership profile maintains its positive tone, with 584 stocks making new highs versus 68 making new lows. The short term momentum oscillators remain positive, confirming the bullish stance of the AlphaKing Trading Indicator. We have no new trades at this time. Tomorrow’s jobs report slated to land before the open should provide a significant breakout or breakdown, depending on whether traders are itching to get in versus ditching and running, with unemployment data the convenient excuse. The NASDAQ closed the gap on the intra-day charts today that we mentioned yesterday, twice hitting the 2285 level before rallying off that key technical level. Since a gap open tomorrow is very likely, we should see either a gap to new highs for the rally, or a gap down to complete the Island Reversal pattern we highlighted yesterday (visit the January 6, 2010, update in the archives to view the intra-day chart of the NASDAQ.) As goes the first week of January so goes the month and the year will also be completed tomorrow, so the close tomorrow should have massive consequences as far as 2010 being a bull or bear year goes. 401K investors should have ˝ of their portfolio invested in a stock index, or aggressive growth, mutual fund, with the other ˝ remaining in a money market fund. The Index portfolio is ˝ invested in QQQQ with the other ˝ remaining in cash. Kevin Wilde, Chief Trading Strategist AlphaKing.com. Portfolio Update Archive Trades: Index Portfolio: No new trades GrQ/4 ETF Portfolio: No new trades GrQ/8 Hedge Fund Portfolio: No new trades GrQ/25 Small Cap Portfolio: No new trades Performance: Portfolio Long Only Long/Short Index Portfolio 2010* 0.5% 0.5% Annual 1973-2009* 13.6% 18.8% GrQ/4 Portfolio 2010* 2.1% 2.1% Annual 2000-2009* 13.6% 20.3% GrQ/8 Hedge Fund Portfolio 2010* 2.7% 2.7% Annual 1999-2009* 5.8% 22.3% GrQ/25 Small Cap Portfolio 2010** 3.4% N/A Annual 2001-2009** 16.0% N/A GrQ/25 M100 NASDAQ S&P500 DJIA * Compounded results before commissions, dividends, or interest income during those periods when portfolio invested in money market funds or short. Back-tested data used to compile results prior to 2004, actual trades since. ** Performance tracked by Marketocracy.com, and results include commissions of $0.05 per share per trade. Trade the AlphaKing Portfolios at FolioFN.com Current Positions: Index Portfolio* Position Entry Date Entry Current Profit/Loss Long QQQQ 12/31/2009 46.25 46.17 (0.17%) GrQ/4 Portfolio* Position Entry Date Entry Current Profit/Loss Long IYM 12/24/2009 60.63 63.24 4.30% Long EWS 12/24/2009 11.35 11.78 3.79% Cash x 2 GrQ/8 Hedge Fund Portfolio* Position Entry Date Entry Current Profit/Loss Long FIG 12/29/2009 4.64 5.35 15.30% Long RYAAY 12/30/2009 26.80 27.39 2.20% Long CELG 12/24/2009 56.61 55.89 (1.27%) Long EVVV 12/24/2009 13.77 13.32 (3.27%) Cash x 4 GrQ/25 Small Cap Portfolio** Position Entry Date Entry Current Profit/Loss Long KFN 12/29/2009 5.30 6.94 30.94% Long CQP 12/24/2009 11.80 15.11 28.05% Long THC 12/30/2009 5.26 6.01 14.26% Long UMC 12/29/2009 3.76 4.22 12.23% Long KLIC 12/30/2009 5.35 5.96 11.40% Long NM 12/24/2009 6.18 6.73 8.90% Long SMOD 12/24/2009 6.70 7.03 4.93% Long INSU 12/30/2009 22.10 22.92 3.71% Long EV 12/30/2009 30.62 31.73 3.63% Long JBLU 12/24/2009 5.73 5.86 2.27% Long GFF 12/24/2009 12.34 12.57 1.86% Long PLAB 12/29/2009 4.50 4.16 (7.56%) Long FRZ 12/30/2009 4.44 3.80 (14.41%) Cash x 12