Market Close for Monday, November 01, 2010

After the close…

We have WFR -12.1%, APC -1.3%, PFG -0.1% following earnings results.

Early on trade had the stock market up 1% near its five-month high, but the mix of a stronger dollar, technical resistance, and uncertainty ahead of this week’s major events (Mid-term Elections, FED meeting and Jobs Report) left stocks to slide and nearly finish with a loss (^SML finisheddown).

After the close notable stocks reporting earnings include APC, FN, HLF, LF, WFR, NTRI, PFG, SUMR and VMC.

Futures are higher after hours: S&P 500 futures are +0.65. from fair value of 1180.85 and Nasdaq100 futures +1.53 points from fair value of 2125.97.

Five of ten sectors were in positive territory, led by tech (+0.4%), telecom (+0.4%) and energy (+0.3%).

Tomorrow morning before the open we have two economic reports scheduled to be released: Personal Income (Consensus 0.2%) and Personal Spending (Consensus 0.4%) and 2) PCE Prices – Core (Consensus 0.5%).

Also tomorrow before the open look for these notable names to report earnings: ADM, BP, CLX, SSP, ENR, HAR, K, MA, NEM, NUS, NYX, PFE, JOE, and TEVA.

^SML closed flashing red on my chart. However, the Dow, S&P500 and Nasdaq Composite did not. PSVIX, the SmallCap mutual fund I trade in, went green again and managed a slight price increase.

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