Thursday Jan 14 Stats

Markets: Global Dow 2040.25 SP500 1148.46 DJIA 10710.55 DJT 4230.91 DJU 399.56

Key Prices: EUR/USD 1.4423 USD/JPY 91.09 Gold 1140.4 Oil 78.88

Interest Rates: 2yr-0.923% 10yr-3.742%

Market Internals
NYSE: 1723 advanced as 1300 sold off today. Yesterdays rally didn't have a lot of enthusiasm going into today with volume at 888,370,586 on today's session. But 52wk highs increased again at 295 with only 1 low. Volume on higher prices was 486,215,110 with 390,067,376 on lower prices. Top 100 equities traded-#1, Citigroup with a very light 274,242,338 which means shares were broadly traded today. #5, General Electric at 57,373,204. Its shares surged at the beginning of the years so heavy volume is consolidating move. #10, JP Morgan at 37,947,141. #50, an Italian bank that goes by the name Itau Unibanco Holdings SA at 11,465,122. So 1,5,10,50 are all financials. #100 Forest Oil, on a surge, at 7,658,132. Notes-at #2 was Sprint with a big percentage move down, for some reason it cannot break $4. The hidden driver is their WiMax technology. Went down along with teleco sector, but that can change. Warrants watching. 3 airlines had heavy volume and were up. Eastman Kodak had a follow through day on heavy volume, bullish. MGM has had amazing moves up on heavy volume but today was down a trifle on less volume.

NASDAQ: The exchange had healthier internals than the NYSE today as 1539 advanced and 1082 declines with 143 making new highs and 2 making new lows. A steady 2,254,170,010 turnover occurred with 1,285,717,083 shares bid up and 943,086,432 bid down. Top 100 shares traded-Intel with a heavy (earnings announcement) share count at 151,178,218. #5, Cisco with 52,303,150 and a follow through day. Investors want this stock. #10, Applied Material at 26,922,711. #50, Citizens Republic Bancshares at 8,911,313. Can it go to a buck? #100, Amgen at 4,668,852. The pattern so far Up, had big down day, rallied back 45%, down today, then... Notes-MRNA , a big gainer yesterday, sold off. A speculative buy on dip comes into play. ACAS went from 3 to near 4 very quickly. If bought the expectation should be at least another buck or two by the end of the year.

DIARY-Options expiration tomorrow. So the key here is to look for some simple purchases out of the public's eye. Midwestern financials did well today. Microsoft has a lot of upside. People sold GOOG and bought BIDU, why not MSFT?