Holiday Schedule

2010 Stock Market Holidays	Date
New Year's Day	January 1,2010
Martin Luther King, Jr. Day	January 18,2010
Washington's Birthday/Presidents' Day	Febuary 15,2010
Good Friday	April 2,2010
Memorial Day	May 31,2010
Independence Day	July 5,2010
Labor Day	September 6,2010
Thanksgiving Day**	November 25,2010
Christmas	December 24,2010
**The NYSE Trading Floor closes early (1PM ET) on Friday November 26,2010 (The day after thanksgiving)

Remember, the professional money managers often vacation around scheduled exchange holidays.
They may also close positions several days before, causing lighter volume around the stock market holidays.

AMZN - Post Review

Well it was a pretty interesting day, as we moved higher to only sell off in the end of day. GDP number was better the analyst had expected and that was pretty much the end of the EcoNews. We did not go below 10K, we will see if this will happen in Feb. Jan tends to be the tell for the year and it is having a hard time, at this writing.

AMZN reported earnings last night and it was good for a $700 to the downside, since the market open this morning. NASDAQ was the first to drop down into negative territory, then the S&P. We do not count the DOW, due to it only having 25 stocks. Resistance is 131 and Support is 119.99 levels. Price did not close below the 20 day MA on this Daily chart, however, the Dollar gap into the close. So, if we get a close below the 20 day MA look to test the support level. This is not a recommendation or solicitation of this stock or any other charts displayed here.

Morning Futures

Dow (MAR) +48
Nasdaq (MAR) +9.50
S&P 500 (MAR) +5.25
Delayed 15 minutes

Appears to be a higher open based on the reconfirmation of Helicopter Ben for 4 more years as FED Chair. Dollar is also coming into resistance and we should see on gains in the markets today, GDP is to be release at 8:30 ET, we will see it this might break the markets down.

Overseas market closed lower for the week.

Futures

Dow (MAR) -2
Nasdaq (MAR) +1.00
S&P 500 (MAR) -0.50
Delayed 15 minutes

After - State of the Union Address

This is an Daily chart of the SPY - mid day, with the market professional gap up (overnight and market orders fills) in the morning the sellers stepped in and have taking this market to the downside. Sup 108.00, if this breaks than we are looking for 107.15 for a new support level.

Obama, State of the Union address, appeared to us the same old thing that was stated in his presidential race to the White House. Unemployment, still in a decline.

9:00 PM

9:00 PM Obama: State of the Union Comment!

It appears the market have moved on from the FED news (Fed keeping interest rates near zero), and now focusing on the State of the Union from Obama. GS was roared back from a drop of 2 points to the downside to a gain for the day. Traders are looking for what the President will say or not say in the State of the Union. Encore with the Unemployment number will be stated at 8:30 AM ET on 1/28/2010.

9:00 PM Obama: State of the Union Comment!

Before

This is a snap shot of the spy before, today's news events . Let's see how it pans out in the coming days.

Wednesday's economic calendar: HotTopic

Today the Futures are point up to a modest opening, as traders take a wait and see approach to the following news events. Overseas markets where pretty modest with there losses or gains as will, waiting to see what we will do, as these events unfold.

10:00 New Home Sales
10:00 Hearing: AIG Counterparty Payments
2:15 PM FOMC Announcement
9:00 PM Obama: State of the Union Comment!


SPY Sup 109.05 and Res 110.50
UUP Sup 23.05 and Res 23.18

Bloomberg news: SEC May Approve Restrictions on Short Sales When Stocks Plunge

Concern that short-sellers accelerate stock declines may prompt the Securities and Exchange Commission to adopt a rule next month aimed at curbing bearish bets when equities are plunging.

The regulation would require the trades be executed above the best existing bid in the market when shares fall 10 percent in a day, said Brian Hyndman, the senior vice president in transaction services at Nasdaq OMX Group Inc. Jan. 23 (Bloomberg) By Nina Mehta

Read more at the link below.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aMWQn8mCXZxM&pos=5

Market Expects - EcoNews

Date	Time (ET)	Statistic	For	Mkt Expects
25-Jan	10:00 AM	Existing Home Sales	Dec	5.90M
26-Jan	10:00 AM	Consumer Confidence	Jan	53.5
27-Jan	10:00 AM	New Home Sales	Dec	370K
27-Jan	2:15 PM	FOMC Rate Decision	27-Jan	0.25%
28-Jan	8:30 AM	Initial Claims	23-Jan	450K
28-Jan	8:30 AM	Durable Orders	Dec	2.00%
29-Jan	8:30 AM	GDP-Adv.	Q4	4.60%
29-Jan	9:45 AM	Chicago PMI	Jan	57.4
29-Jan	9:55 AM	University of Michigan Sentiment	Jan	73

Earnings Preview for the week of Jan 25th-29th: : Of the hundreds of companies reporting earnings the week of Jan 25th-29th some of the bigger names include:

Monday: AKS, HAL, DGX, AMGN, AAPL, JDAS, TXN, VMW, and ZION...

Tuesday: ABC, BHI, GLW, DAL, DD, EMC, ENR, JNJ, MHP, NVS, NUE, TRV, X, VZ, GILD, MCK, RFMD, SYK, and YHOO...

Wednesday: ABT, BLK, BA, CAT, COP, GD, ITW, SAP, STJ, TEL, UAUA, UTX, WLP, ETFC, GMCR, HOKU, MUR, NFLX, NSC, QCOM, SYMC, TSCO, WEN...

Thursday: MMM, ALK, MO, T, BAX, BDX, BC, CL, EK, LLY, F, GR, LMT, MJN, MOT, NOK, OXY, OSK, POT, TWC, UA, ZMH, AMZN, GNW, KLAC, JNPR, MSFT, and SNDK...

Friday: ACI, CVX, FO, HON, MAT, and PCAR.

Quick Bounce? More To The Downside

Well tomorrow, we are looking at the Feb 550 Call for less than 43.10 per contract, this would be for quick scalp. Earnings did not change so, and China proposal it is there, but the IBM, AA, INTC, GS drop is in effect. The professionals may run it in the morning and drop it likes it hot before 9:45 AM. Who know, will see in the morning. We current to do hold this trade, and it is not a recommendation or solicitation for this security.

There is also no economic news to the market so it may help with the digestion of the last few days and shorten holiday week.

Earnings Are In Full Swing

Well this is a pretty wild ride and the first time that the market has tanked on the New President. At around noon the President was talking about the White House proposal on "Taxing The Banks". GS was in the front running to the downside, due to the taxing on the bread and butter on the firms income which is "Trading".

Order Of Earnings

Ticker Price
1 IBM 131.78
2 SLB 70.83
3 CAT 60.12
4 MSFT 30.86
5 JNJ 64.56

Most of these have a potential to sell of into the news of its earnings, it is know that no one should trade on the minutes before the earnings announcement news. Old adage: "Buy The Rumor and Sell The News". Friday's drop in the market due to the earnings announcements of the AA, INTC, JPM, which were for the most part favorable, however. The market, which we believe was trying to full digest the jobs numbers and FED news, also with Monday being a Holiday and the US Market will be closed and re-open for a full trading day on Tuesday with a shorten week. Stocks suffer the worst one-day decline of 2010 so far, led by the financial sector,as 1 in 10 American workers remains unemployed. It could have been far worst than what we saw on Friday, PPT, FED, or GS are they doing us a favor in setting false hopes, feel good it was not as bad has we need it to be.

Trader decided to take some of the gains off the table and move on to the festivities.

With the HFT and TAXES we may see more selling the days to come with April 15th; just around the corner, some will have to pay the taxes from last years gains, if there were any to be had. It is hard to tell in this new age market, adept and trade the hell out of it when it goes your way.

Keep the powder dry and take what the markets give ya!!

MK Day On Jan 18, 2010

The Financial Markets will be closed . . . See ya all on Jan. 19 2010. IBM is set to report its earnings number, as well.

And So It Beings

Ticker	Company	Price
CAT	Caterpillar Inc.	62.65
IBM	International Business Machines	129.59
JNJ	Johnson & Johnson	64.25
MSFT	Microsoft Corporation	30.35
SLB	Schlumberger Limited	70.07

IBM, JNJ, MSFT are slow movers and current are moving in the wrong direction from the prior post of Earnings on the way.

Updated Earnings To Come with AA To Start

IBM – International Business Machines - Technology 1/19/2010	Technology
JNJ – Johnson & Johnson - Healthcare 1/26/2010	Healthcare
MSFT – Microsoft Corp. - Technology 1/28/2010	Technology
SLB – Schlumberger Ltd - Basic Materials 1/22/2010 CAT – Caterpillar Inc. - Industrial Goods 1/26/2010	Basic Materials CAT – Caterpillar Inc. - Industrial Goods 1/26/2010

Fore For Jobs Number

The Labor Department says employers cut 85,000 jobs last month, worse than the 8,000 drop analysts expected.

A sharp drop in the labor force, a sign more of the jobless are giving up on their search for work, kept the unemployment rate at 10 percent, the same as in November. Once people stop looking for jobs, they are no longer counted among the unemployed.

Revisions to the previous two months' data showed the economy actually generated 4,000 jobs in November, the first gain in nearly two years, while it lost 16,000 more than previously estimated in October.

Intra Play Price

Ticker	Company	Sector	Change from Open	Price	Change
CAT	Caterpillar Inc.	Industrial Goods	1.32%	58.41	2.49%
IBM	International Business Machines	Tech	1.33%	132.92	1.54%
JNJ	Johnson & Johnson	Healthcare	0.23%	64.86	0.70%
MON	Monsanto Co.	Basic Materials	1.32%	83.45	2.08%
MOS	Mosaic Co.	Basic Materials	3.16%	62.31	4.32%
MSFT	Microsoft Corporation	Technology	1.04%	30.97	1.61%
SLB	Schlumberger Limited	Basic Materials	0.69%	66.85	2.70%

Upcoming Earnings For Jan 2010 - Addition

CAT – Caterpillar Inc. - Industrial Goods 1/26/2010

Industrial Goods

Upcoming Earnings Reports for Jan 2010

IBM – International Business Machines - Technology 1/19/2010	Technology
JNJ – Johnson & Johnson - Healthcare 1/26/2010	Healthcare
MON – Monsanto Co - Basic Materials 1/06/2010	Basic Materials
MOS – Mosaic Co/The - Basic Materials 1/04/2010	Basic Materials
MSFT – Microsoft Corp. - Technology 1/28/2010	Technology
SLB – Schlumberger Ltd - Basic Materials 1/22/2010	Basic Materials