Profit of 242 million despite weak prices for aluminum. The selloff in the market continues. The major indicies all fell yesterday. Telecom stocks were among the biggest losers. Gold rallied, while oil flatlined. President obama is expected to soon name his next treasury secretary. White house chief of staff jack lew is said to be high on the list. The irs will accept 2012 tax returns starting january 30th, 8 days later than planned due to tax law changes in the fiscal cliff bill. Now for an early look at how alcoas earnings could affect todays trading. Larry shover of sfg alternatives joins us. And what do you think here larry . Yesterdays number was good. Most people werent expecting them to beat on revenue. But they beat by quite a bit. People were maybe thinking earnings per share, that could be better. But that is a good thing for the market, a good thing for the materials sector. I think it is going to give a lot of confidence going forward. The stock market pulled back yesterday
Thats the First Time Since 2007, and it caps off the longest winning streak since 2004. As investors disconnect from apple stock, the tech giant is losing its status as king of the stock market. Exxon is back on top with a 417billion market cap versus apples 412. Apple dropped 76 last week. The Federal Reserve begins a twoday meeting tomorrow on Monetary Policy and interest rates. And reports say u. S. Air and American Airlines may soon have a merger deal ready for takeoff. Mark sebastian of options pit mentoring to and says now for a closer look at the markets on this monday morning. Good monday morning to you mark. Good morning angela. The s p 500 closed above 1500. As a trader, are you starting to look for some sell signals . You know, i will say no. If you look at vix term structure, it is saying, buy, buy, buy. If you look at the correlation index, jcj, that is saying buy, buy, buy. Everything im saying is buy. The only places where im really seeing sell signals is in individual n
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