Market Close for Tuesday, February 15, 2011

After the close…

We have DELL up +5.0% following their earnings report and guidance.

Today we had a boring, modest pullback. Nothing painful. Ho hum….

Futures are mixed after hours with S&P 500 futures up +0.65 from fair value of 1325.95 and Nasdaq 100 futures down -0.17 points from fair value of 2381.17.

Seven of ten sectors were in negative territory, led by materials (-1.1%), energy (-1.1%) and tech (-0.5%).

Tomorrow before the open we have three economic reports scheduled to be released: 1) MBA Mortgage Purchase Index (Consensus NA), 2) Housing starts (Consensus 540K) and Building permits (Consensus 575K) and 3) PPI (Consensus 0.7%) and Core PPI (Consensus 0.2%).

Also tomorrow before the open, notable stocks expected to report earnings include ANF, ALE, ARB, CBC, LSE, CBZ, XEC, CMCSA, DF, DE, DVN, DCI, NOP, EEFT, FE, FSRV, FNDT, GENC, HPY, ICON, JMP, KOP, LCAV, LOJN, MSO, NEWS, NOR, OMX, OWW, ORBK, OC, PAG, PFCB, ROC, ELOS, TLM, MDCO, VSI, and WCG.

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