Jan 19-Tues-Market Stats

Markets-Global Dow (2025.83) SP500 1150.23 DJIA 10725.43 DJT 4201.70 DJU 403.88

Interest Rates- 2yr 0.88% 10yr-3.7%

Key Prices-EUR/USD 1.4302 USD/JPY 91.13 Gold 1140 Oil 79.02

On Balance Volume-DJIA CLX U d D u DJT CLX U d D u DJU CLX U d D u
0 2 - 1 - 2 - 0 0 2 - 0 - 2 - 0 +2 3 - 0 - 0 - 1

DJ Global 50 CLX U d D u DJ Composite CLX U d D u
+2 4 - 2 - 0 - 0 +2 7 - 1 - 4 -1
Market Internals:
NYSE-2382 shares advanced back after the onslaught on Friday. 700 still were down on the day. 316 made new highs on 6 lows for the day. 1,030,561,710 shares changed hand. 864,507,310 on the upside and 151,647,760 on the downside. No one could buy anything on a discount today. Top 100 most actively traded-#1, Citigroup at 807,259,955. Maybe it has turned a corner. #5, Ford at 65,881,237. #10, Alcoa at 34,423,538. #50, Bank of America Senior Notes, 13,950,839. Top and bottom of this were IBM and Tyco. #100, US Airways. Notes-Everything did well. Volume was not as heavy as it was on Friday and we had a vacation on Monday. Lets see if there is any follow through. I think Citigroup is worth taking a shot at. Healthcare companies had +1.00 moves, and are overbought. Should we chase thise sector? Or are there better investments?

NASDAQ- 1879 advanced on 785 decliners. 149 made new highs and 4 made new lows. Total activity was respectable at 2,045,298,701. 1,570,282,038 shares were marked up while only 448,082,170 were on sale. Top 100 most actively traded- #1, Intel, 84,494,126. Semiconductors cam back to life today. #5, CSCO, 37,542,964. For some reason it likes the fifth spot. 37m then would signify true demand for CSCO shares. #10, Sirius, 19,975,970, the price stayed the same. This issue sorely needs a catalyst to move. #50, Electronic Arts, 7,651,865. Would love to buy but don't know how to value it. #100, Altera, 4,577,553. Notes-Semis came back to life.

Diary-The big caps surged today catching traders off guard. We need to see follow through, if not, then this was a sucker's rally. I am pleased the market stayed up and didn't have intra-day swings. Again, US Steel was up and not Alcoa. Airlines were up but sold off into the close. Don't know what that means but AYR looks good and on 50 day moving average.