Market wrap - 4:10PM

Pretty uneventful day again - no volume to speak of - other than the all to familiar 3:30 jam job to the upside. Dow 8,538.75 -16.85 (-0.20%) S&P 500 921.17 +2.80 (0.30%) Nasdaq 1,827.47 +19.75 (1.09%) Gold 936 +2 +0.17% Oil 69.55 -1.82 -2.55% Today by sector: The financials win again - shocked I tell ya! Today's heatmap:

Larry Kudlow vs. Diana Olick - 12:26PM

What an ass! I can't put it any better than that; From today's "The Call" show on CNBC. Larry, as usual, know more than anyone in the entire freaking world about housing, as well as anything else. Diana Olick has covered the housing mess since it became an issue. Diana is one of the FEW CNBC reports who tell it like it is, rather we want to hear it or not. Props to Diana for that. Larry Kudlow is a permabull who has no problem lying to you about anything and everything as long as it drives the price of stock up. He hates anything non-conservative, and enjoys every chance he has to bash the current administration. Not that they don't deserve it, but he does this all the while cheerleading the market up each and every day. If it wasn't for this administration and the obscene spending, the market would be at 600. So while he doesn't mind playing head cheerleader for the market, out the other side of his mouth bashes everything Democrat. There is only a few words for that 1)liar 2)hypocrite. Oh, one more 3)pompous ass. Screw you Kudlow - do us all a favor and retire.

Pre-market - Friday, June 19, 2009

Futures pointing higher today: DJIA INDEX 8,540.00 47.00 S&P 500 919.10 5.90 NASDAQ 100 1,459.75 10.25 Gold 935 -1 -0.15% Oil 72.06 0.72 1.01% Today's economic calendar: Quadruple Witching Today's earnings report: FMCN Focus Media Holding KMX Carmax NOBH Nobility Homes KMX is before market opens

Market wrap - 4:15PM

Another pretty boring day in the market. Dow 8,555.60 +58.42 (0.69%) S&P 500 918.37 +7.66 (0.84%) Nasdaq 1,807.72 -0.34 (-0.02%) Gold 935 -1 -0.15% Oil 71.23 0.34 0.48% Today's moves by sector: Today's heatmap:

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Research in Motion just reported earnings. I don't have all the details as of yet, but the apparently missed estimates. They are down almost 5% as I post this.

Jobless claims - 8:40AM

Full report here UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending June 13, the advance figure for seasonally adjusted initial claims was 608,000, an increase of 3,000 from the previous week's revised figure of 605,000. The 4-week moving average was 615,750, a decrease of 7,000 from the previous week's revised average of 622,750. The advance seasonally adjusted insured unemployment rate was 5.0 percent for the week ending June 6, a decrease of 0.1 percentage point from the prior week's unrevised rate of 5.1 percent. The advance number for seasonally adjusted insured unemployment during the week ending June 6 was 6,687,000, a decrease of 148,000 from the preceding week's revised level of 6,835,000. The 4-week moving average was 6,757,500, an increase of 2,250 from the preceding week's revised average of 6,755,250. The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.286 million.

Pre-market - Thursday, June 18, 2009

Futures up a little before the reports today: DJIA INDEX 8,448.00 11.00 S&P 500 906.60 1.30 NASDAQ 100 1,452.00 -1.50 Gold 936 4 0.41% Oil 70.56 -0.48 -0.68% Earnings calendar for today: Jobless Claims 8:30 AM ET Tim Geithner Speaks 9:30 AM ET Leading Indicators 10:00 AM ET Philadelphia Fed Survey 10:00 AM ET EIA Natural Gas Report 10:30 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Month Bill Announcement 11:00 AM ET 2-Yr Note Announcement 11:00 AM ET 5-Yr Note Announcement 11:00 AM ET 7-Yr Note Announcement 11:00 AM ET Money Supply 4:30 PM ET Earnings reports today: Reports after close in BOLD

Crude oil report - 10:45AM

Oil extends losses as gasoline stocks rise NEW YORK (MarketWatch) -- Oil futures accelerated their decline on Wednesday after the Energy Information Administration reported a bigger-than-expected drop in crude supplies and a much larger-than-expected rise in gasoline stocks. Oil for July delivery was last down $1.32, or 2%, to $69.10 a barrel in electronic trading on Globex. Before the data, the contract was down 85 cents. The EIA reported Wednesday that crude supplies decreased by 3.9 million barrels during the week ended June 12 to stand at 357.7 million barrels. Analysts expected a decline of 1.7 million barrels in crude stockpiles, according to a Platts survey of analysts. The EIA also reported that gasoline inventories rose by 3.4 million barrels last week, while analysts polled by Platts had expected a rise of only 650,000 barrels. The EIA also said that distillate inventories rose by 0.3 million barrels last week.

Pre-market - Wednesday, June 17, 2009

Futures down a little after the FEDEX earnings report: DJIA INDEX 8,434.00 -25.00 S&P 500 905.20 -2.60 NASDAQ 100 1,445.75 1.50 Gold 932 5 0.51% Oil 69.66 -0.73 -1.04% Today's economic calendar: MBA Purchase Applications 7:00 AM ET Consumer Price Index 8:30 AM ET Current Account 8:30 AM ET Ben Bernanke Speaks 9:00 AM ET EIA Petroleum Status Report 10:30 AM ET Today's earning report: Before market opens in BOLD

Market wrap - 4:10PM

Wow! Did I just see what I thought I saw? TWO days down in a row???? CNBC is going to have the big one. How are they going to spin this? Not to worry, they will. Dow 8,504.67 -107.46 (-1.25%) S&P 500 911.97 -11.75 (-1.27%) Nasdaq 1,796.18 -20.20 (-1.11%) Gold 932 +5 +0.51% Oil 70.60 -0.15 -0.21% Today's leaders: Today's heatmap:

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Second day in a row the market was down. It sold off early, but came back in the afternoon, only to sell of at the end. As much as the CNBC cheerleaders tried to spin up the housing starts, when you drilled down into them, the were not all that impressive. The manufacturing number was on target, but still bad. Seven straight months of a decline in manufacturing. Many have expected a pullback. Even CNBC has spoke of it. What we need to watch now is where it goes from here. The volume is light, which is a bullish sign, even when the market falls. Technical resistance is a factor, as well as Quadruple Witching on Friday. Add in the reports, calendar events, and news, by the end of the week I think we can get a better read on where the market is headed. Happy trading.

Pre-market - Tuesday, June 16, 2009

Futures flat this morning before the data: DJIA INDEX 8,584.00 +20.00 S&P 500 921.80 +2.40 919.80 NASDAQ 100 1,463.00 +5.75 Gold 928 -13 -1.40% Oil 72.01 1.33 1.88% Today's economic calendar: ICSC-Goldman Store Sales 7:45 AM ET Housing Starts 8:30 AM ET Producer Price Index 8:30 AM ET Redbook 8:55 AM ET Industrial Production 9:15 AM ET 4-Week Bill Auction 1:00 PM ET Todays's earnings reports:

Market wrap - 4:10PM

Finally, a day down. Moreover, not a jam job in the last half hour. Dow 8,596.11 -203.15 (-2.31%) S&P 500 923.92 -22.29 (-2.36%) Nasdaq 1,816.38 -42.42 (-2.28%) Gold 928 -13 -1.40% Oil 70.55 -1.42 -1.97% Today by sector: Today's heatmap:

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Volume low today so not a distribution day. At the same time, there is really nothing to send it higher. Their is little to no good news. Unless of course, you listen to the goofballs on CNBC. They are still awful.

Pre-market - Monday June, 15, 2009

Futures down a bit this morning: DJIA INDEX 8,645.00 -93.00 S&P 500 930.00 -10.70 NASDAQ 100 1,471.25 -14.25 Gold 941 -21 -2.21% Oil 70.92 -1.10 -1.53% Today's economic reports: Empire State Mfg Survey 8:30 AM ET Treasury International Capital 9:00 AM ET 4-Week Bill Announcement 11:00 AM ET Housing Market Index 1:00 PM ET 3-Month Bill Auction 1:00 PM ET 6-Month Bill Auction 1:00 PM ET Today's earings reports: Company in bold is before market opens.