Jan 21 - Thurs - Stats

The markets declined for the second day today. The DJIA 10389.88 DJT 4093.82 DJU 393.81. The dollar stayed strong, but didn't surge today. The Yen was the champ while gold turned to lead.

Market Internals-
NYSE-As the week progresses, less stocks are advancing. Only 641 were up today while 2428 were clearly down. But the 52 wk highs pickrd up with 174 of them and only 4 lows. Activity was high at 1,501,017,996. A meager 195,091,226 shares pushed advancers up while 1,292,313,470 shares were pushed down today. The down volume is higher than the total activity for the past two weeks in the down. Either this signifies the end or the beginning of more to come. 100 most active shares-#1, Citigroup with a huge turnover of 959,980,395. President Obama's words were heard loud and clear in the issue. #2, General Electric, 99,095,935. #10, Sprint, 67,994,996. #50, Weatherford, 19,623,412 and up on the day. #100,Duke, 11,874,592, a utility. Aren't utilities suppossed not to be actively traded? Notes- SNV KEY DAL LUV BAC were up today so people saw some safe places to park cash. Heavy volume but it doesn't appear to be panic but changing of portfolios. Citigroup on the other hand will be interesting to watch.

NASDAQ-The decline on this exchange stayed steady from yesterday, but did not get any worse and in some cases improved. 660 shares declined and 1978 declined (only 30 more shares than yesterday). There was an increase of new highs to 94 with only 10 lows. Activity was large at 2,877,807,556. But that was not all to the downside. Volume for advancing shares actually increased by 300,000,000 shares to 910,592,132. Decling volume was 1,934,714,955. The top 100 shares traded-#1, Intel, 13,508,621. #5, Huntington Bancshares and up for the day, 63,920,115. #10, Sirius, 37,339,386. Please note Sirius was in the top10 3 days in a row with price neutral, up on heavy volume, and down on light volume for it. #50, Vodaphone, 11,614,525. #100, 5,115,371. Notes-CPWR is a buy or at least looks to go higher.

Diary-The markets are weak and dollar up. But why can't the market be up along with the dollar? Especially companies that make their money in dollars not in foreign exchange. Airlines, banks, and the Nasdaq were very strong today showing great relative strength.

NASDAQ-