Wed Jan 13 Stats

Market Indices: Global Dow 2041.03 SP500 1145.68 DJ30 10680 DJT 4226.74 DJU 401.59

Key prices: EUR/USD 1.4541 USD/JPY 91.65 Gold 1143 Oil 79.79

Yields: 2yr-0.964% 10yr-3.793%

Market Internals:
NYSE-A complete reversal today with a large demand for issues today. 2234 issues advanced and only 824 declined. Unfortunately, the 52 week highs didn't correlate with only 217 making new highs and 2 making new lows. The other negative was that the volume was lower than yesterday at 970,285,780. 706,026,000 shares were bid up and 256,341,850 shares were bid down. Concerning top 100 most active shares-Citigroup, like yesterday, had lower volume at 409,971,980. Pfizer was 5 at 59,514,392. JP Morgan was 10 with 39,609,026. The 50th was a preferred share of Bank of America, BACS, at 12,046,574. 49 was PBR, the Brazilian energy giant, and 51 was Altria. Ending the list was Occidental Petroleum (OXY) who bought Phibro from Smith Barney trading at 7,360,234. Notes-Airlines started to move again. EastmanKodak was up on large volume. Its consolidation is over. Unless there is an antitrust matter, I cannot see how EK won't be bought out

NASDAQ-This index was the champ today. 1802 advancing issues overwhelming the 838 decliners. 107 issues made new highs and only 8 made new lows. The key was the turnover which is picking up at 2,318,359,919. Shares that were bid up outnumbered the shares on sales over 3:1. Up volume was 1,798,011,035 and Down volume was 491,123,244. Concerning top 100 most active shares-Intel led at 71,386,580 (beginning of semi- rally?) Csco at 5 with huge volume and price movement for it at 43,619,245 (usually sells off after pessimistic guidance by CEO) and rounding out the top 10 is MDRNA (biotech company) with 29,477,685. Broadcom was 9,831,461 in fiftieth place. And Ener1 (battery) at 4,614,713. Notes-ACAS was up 13% with large volume of 14,292,193. Financials are healthy if a financial company such as this is showing life. Biotechs came to life so lets see if there is some momentum there.

DIARY-Continental Airlines was a leader when I bought it but DAL and the others are playing catch up, but patience appears to start being rewarded as they started surge higher: AYR and GLS firms that supply credit for purchasing aircrafts have started strong bullish moves. Dabbled in natural gas stocks like ROSE and HERO.