Reply #46: 12:53 numbers and blather

[ozymandius]

Woe be unto the bond traders.

Dow 10,502.02 +52.88 (+0.51%)
Nasdaq 2,128.44 +15.56 (+0.74%)
S&P 500 1,216.77 +4.91 (+0.41%)
10-Yr Bond 4.135 +0.26 (+0.63%)
NYSE Volume 948,720,000
Nasdaq Volume 1,012,069,000

12:30PM: Stocks are off their highs but a bullish bias remains intact... Advancers on both the NYSE and Nasdaq hold a more than 2 to 1 edge over decliners while a more than 3-to-1 ratio of up to down volumes suggests an even more positive tone to trading... Meanwhile, the Dow, S&P and Nasdaq continue to trade well above initial support levels of 10433, 1209 and 2102, respectively, amid stronger than usual volume... NYSE Adv/Dec 2242/882, Nasdaq Adv/Dec 2038/872