Jan. 12th market closing action

Well the market closed down on all 3 indexes today as predicted. The Dow was down 125 closing at 8473 for the day. SDS did gain, closing at $75.35 and TZA closed at $55.50 today. Both were healthy gains from the close Friday. Remember, I still believe they were worth buying today as they are still going to go up as the market goes down.

Apple stock, symbol AAPL, dropped to a low of $87.55 and closed at $88.66/share. I expect tomorrow to also be down as earnings start to be reported. Alcoa reported an unexpected loss of $1.2 Billion for the quarter, reporting after the bell today. It has lost 68% of its stock value in the past year and they expect continuing decline in Aluminum prices. Alcoa is a Dow component. There is a real concern they may not be able to continue paying its dividends.