Market wrap - 4:15PM

Quite the battle we had today. Index's mixed, little movement when the day was over. Dow 8,183.17 +4.76 (0.06%) S&P 500 882.67 +3.11 (0.35%) Nasdaq 1,752.55 +5.38 (0.31%) Gold 916 +7 +0.76% Oil 60.45 0.27 0.45% 30 year bond auction Yield 4.303% vs. Exp. 4.292% Bid to cover 2.36 vs. Avg. 2.54 (Prev. 2.68) Today's action by sector: Today's heatmap:

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The banks were strong today, except for AIG, who is running through that 20 to 1 reverse stock split like water through a funnel. Closed at 9.48, down 27.63 percent. Not good. Merrill Lynch upgraded Goldman Sachs which gave a boost to the other banks. The Home builders, along with Hotels also got upgraded which pushed those stocks higher. The builders and hotels, were joined by the Casino's to the upside. When un-employment is still rising, with really no good news, why would anyone want, or believe these stocks will be any good. The S&P finished the second day very close to the 200 day moving average. It also sits just above the technical support known as the neckline of the head & shoulders that has formed over the last 2 months. The key support levels are 881.49 for the 200 moving average, and 878.94 on the neckline. If those supports are breached, look out below.