R.C. Market Report 1.22

• Today: Most of yesterday's gains were lost early in the day. But once again, we had a rally that I find to be questionable. Are big buyers starting to nibble like the several bank CEOs that made stock purchases yesterday or is it the government? I don't have a clue.

• Tomorrow: My view has not changed. The trade remains to the downside. Reaching Nov. low seems possible by early to mid next week.