Reply #37: 1:09 EST catching a straight up spike to make everything all better

[UpInArms]

Dow 10,820.77 +0.49 (+0.00%)
Nasdaq 2,246.96 +5.29 (+0.24%)
S&P 500 1,255.23 +0.38 (+0.03%)
10-Yr Bond 4.457 -0.04 (-0.09%)

NYSE Volume 1,116,951,000
Nasdaq Volume 1,015,405,000

1:00PM: Market continues to run in place around the flat line, as there isn't a strong sense of conviction on either the bullish or bearish side of the aisle. As reflected in the A/D line, decliners hold an 18-to-13 edge over advancers on the NYSE but maintain a smaller 15-to-13 margin on the Nasdaq. A split ratio of up to down volumes, though, paints even more of a mixed picture at the Big Board and the Composite. NYSE Adv/Dec 1308/1856, Nasdaq Adv/Dec 1307/1586

12:30PM: No change to the prevailing trend as the afternoon session gets underway. Home Entertainment Software remains the best performing S&P industry group after CIBC initiated coverage on Electronic Arts (ERTS 60.35 +1.63) with a Sector Outperform. Semiconductors (+2.2%) are a close second and IT Consulting Services (+1.8%) is fourth, while a 1.5% surge in Computer Storage and Hardware also lending support to Technology.NYSE Adv/Dec 1304/1833, Nasdaq Adv/Dec 1341/1544