Monday, January 11, 2010

Jan 10 stats

Key Indices: DJIA 10663.99 DJT 4262.86 DJU 400.47 SP500 1146.98 Global Dow 2045.47

Treasuries: 2yr 0.94% 10yr 3.82%

Key price signals: EUR/USD 1.4487 USD/JPY 92.12 Gold 1149.50 Oil 81.70

Market Internals:
NYSE - 1786 issues advanced while 1261 declined. A large 523 stocks made new highs while 1 made new lows. Activity was 967,192,265. It took 572,380,940 shares to keep the market up and 379,737,405 shares sold off. Citigroup was the most active at 473,569,210, Alcoa was five at 75,731,883 and Sprint (breaking 4) at 32,249,174. Number 50 was the options play, Altria, at 11,911,052. And 100th, again, was American Express at 7,395,985. Diary: They say the Dow30 is the last to top out and appears to be the strongest currently as CAT and CVX popped. The DJ Utilities strengthened on a so-so day on rising industrial production? or simply higher energy prices? McMoran Exploration, energy, popped and a tell was EXXI activity on Friday. Earnings season started today and options expiration is on Friday so hard to make any decisions.

NASDAQ: Had a negative day with 1299 advancing issues but 1344 decliners. 211 made highs and 3 made lows, but volume was heavier on the downside: 961,018,443 shares were bid up and 1,048,521,618 were bid down. Total activity was 2,077,897,960. Microsoft led the session at 68,737,598. Energy XXI was fifth at 35,844,851 (following up Friday's move) and Micron at ten with 29,100,538. JetBlue was 50th at 7,162,658. Intuit was 100th at 4,011,641. Diary - I saw a lot of red today and believe people are hedging their bets as there will be much volatility in the days ahead. Cheap financials are moving: ACAS, PRS, HBAN, SNV


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