Jan 26 - Tues - Stats

DJIA (10194.29) DJT (4014.55) DJU +387.60

Market Internals-
NYSE-1106 stocks moved up and 1965 stocks moved down. 75 mad new highs and 9 made new lows. It gets worse: higher activity at 1,1,24,449,935. Up volume was 45% less than yesterday at 343,750,600. Down volume was significantly higher as well at 768,801,005. Top 100 shares traded-#1, Citigroup at 457,667,768. #2, Regions Financial, 67,535,373. #10, Weatherford, 43,801,027. #50, Baker Hughes, 14,177,570. #100, Duke Energy, a utility that had heavy selling the previous week, 8,480,589 and up today. Notes-Financials are weak and steel makers weaker. But not private equity, Allied Capital was up. Money flowing out of financials? and into its investors?

NASDAQ-862 shares managed to be up today with 1771 declining shares. 35 made new highs and 21 made new lows. Activity picked up to 2,361,260,823. Volume was healthier for bid up shares at 1,024,237,027, but that may have been early activity as the 1,282,955,493 shares came in and swamped the buyers. Top 100 shares traded-#2, Microsoft, 66,640,894. #5, Cisco, 55,314,942. When it was going up, it was in the 45m range. #10, Etrade, 40,622,891. #50, instead of JBLU, we get UAUA today at 9,175,652. #100, a Southeastern bank, Whitney Holdings, at 4,090,302. Notes- Midwestern banks sold off today, at least the active ones, but DEAR, a Detroit based bank was up. It fits the thesis that the Midwest has bottomed and a new economic upcycle is in play there. SIRIUS was up as well.

Diary-Except for some gambling stocks, the market is in the DONT BUY category.