Fri Jan 15 Stats

Markets Down: Global Dow 2019.33 SP500 1136.03 DJIA 10609.65 DJT 4180.79 DJU 398.07

Interest Rates Down: 2yr-0.87% 10yr-3.676%

Key monetary signals: Today strong dollar rally. EUR/USD 1.4387 USD/JPY 90.74 Gold 1130.70 Oil 77.95

Market Internals:
NYSE- 936 advance on 2134 declining issues though 195 shares managed to make new highs with 5 making new lows. Daily activity picked up at 1,407,892,789. Up volume was a measly 246,422,810 with down volume near a 5:1 advantage at 1,153,806,148. People needed a discount today in order to buy. Top 100 activity-Citigroup picked up volume at 539,785,917. #5, Pfizer with 76,623,352 and up on the day. #10, Verizon, along with telecos, having a vicious selloff, with 43,748,648 shares demanding a discount. #50, Petroleo Brasileiro, the Brazilian energy giant, up on a heavy oil selloff day at 14,126,281. #100, Kinross Gold at 8,594,952. Notes- Gold, steel, telecom and energy sold off. Airlines did as well, but they have much more appreciation potential since investors have less confidence in the sector. Next week will reveal what will transpire. Need time to study.

NASDAQ-677 advanced on options expiration as 1962 declined. 96 highs were recorded today as well as 5 lows. Volume was larger than the past week with 2,637,776,054 changing hands. 554,008,154 shares had markup while 2,044,742,551 were marked down. Top 100 most actively traded-Intel with a huge 198,003,744 led the charge. Obvious profit taking and shows the amount of long term devotion to the behemoth. #5, Etrade Financial at 63,470,347. This one missed the 2009 party. #10, Applied Materials at 36,022,004. #50, Electronic Arts at 9,530,385. #100, Windstream at 4,749,059 and another telecommunication company that suffered today.

Diary-I don't trade options expiration day but look for discounts today. Airlines are consolidating gains. Oil sell off could signify something more significant, so will natural gas suffer? Pharmaceuticals held strong, see BMY and PFE. ETFC may be a winner here.