TUESDAY Jan 11 stats

Key markets: Global Dow 2027.37 SP500 1136.22 DJ30 10627 DJT 4203.53 DJT 398.28

Interest rates: 2yr - 0.907% 10yr - 3.717%

Price signals: EUR/USD 1.4472 USD/JPY 91.04 Gold 1129.1 Oil 79.90

Market Internals:
NYSE - 864 shares advanced in the midst of 2203 declining shares. Over 22% of the advancing shares made new highs and only 1 new lows. Activity picked up at 1,097,137,275. Though new highs were made, the up volume was tepid at 199,612,800 with surging down volume at 888,843,175. Notes-Citigroup was the most active stock, but considerably lower than usual at 469,818,289. General Electric was fifth at 64,607,886. Wells Fargo at 10 with 39,795,219. Caterpillar faced some profit takers at fiftieth place with 13,561,879. And the Gold bears were out today taking down precious metals and their respective shares like Newmont at 100th place with 8,457,933 traded. Altria was in 39th place today with a heavy 15,306,221. Alcoa sold off today, but not US Steel. Steel and copper are infrastructure plays while aluminum doesn't seem to be considered in the same mold. Also, with Citigroup volume lower, does that mean this was a broad based distribution day?

NASDAQ: This market totally underwhelmed today. 736 advanced and 1912 declined. Only 83 could make new highs as 6 made new lows. Total activity was heavier in today's session at 2,368,327,908. 581,972,901 shares were bid up, but 1,767,656,386 shares had to be sold today at a discount. There was 3:1 ratio for markdowns today. Notes-Intel led the shares traded at 69,948,472. YRCW with all its debt burdens and fears of bankruptcy surprised the market on the upside with heavy buying at 58,190,624. Cisco topped out the tenth place at 35,766,390. A semiconductor, ONNN, was in 50th place with 8,592,608 traded. An energy producer, again, ended the top 100, Delta Petroleum with 4,763,596 traded.

DIARY ENTRY FOR WEDNESDAY: NEXM was traded heavily today and may have some potential like EXXI and MMR late last week. YRCW rally bodes well, possibly, for WABASH a trailer manufacturer. My biotech call was not good for a day trade but believe either today or tomorrow the rally should continue. Grocery stores ralllied after SuperValu (and Tesco in UK) mentioned encouraging news. Dollar rally start again?