DJIA

open 11,962.66

close 12,004.36 up 42.84

day high 12,072.89

day low 11,962.51

today's volume 342,005,995

3mo avg. daily volume 163,359,704

Average P/E  13.4

1 year change +15.05%

DJTA

open 5,123.84

close5,158.55 up 54.01

day high5,179.97

day low5,108.31

today's volume 30,001,896

3mo avg. daily volume 16,282,493

Average P/E  20.0

1 year change +16.50%

A whole lot of noise for a whole lot of nothing.  Unless cnn.com has its numbers wrong, the volume on the rise in response to the negative news from the Philly Report yesterday  seems a little excessive to me.  The DJIA, sitting well below it's 50 dma and closing in on about 1.5% from the 200 dma yesterday certainly enticed traders today.  Russell is testing a new system right now regarding determining if certain market sectors are in bullish or bearish trends.  Let's track these over the coming months and see how these play out...

Projected to go up

Gold +

Transports +

($WTIC) Crude + 

Currently down but should change to projected to go up

Dow - (but close to turning up)

Projected to go down
Util –
NASDAQ –
SPX -

Wilshire –

($USD) Dollar Index –

($UST) Ten year T-note – 

XLE (energy) –
RTH (retail) –
(DJW) World Index –
(XHB) Home Builders –
($RUT) Russell 2000 –
(SOX) Semi-conductors –
($XEU) Euro –
FXI (China 25 Index) –
XLF (Financials) –
Silver –
GDX –
Goog –
AAPL –
GS –
Banking ($DJTBAK) –
Munis (MUB) –