Today marks the largest down day in a while while topping off the longest down streak for the major averages in 6 months.

The 50 day moving average has been broken with vigor.

Look for a turn around shortly; if we are still in a bull run we should bounce. If not pay close attention to 1341 S&P as this is where we bounced from our last major sell off.

An interesting note today was that despite the meltdown that started in Europe and ended up across the pond for today’s trade; the Euro has not tanked. We shall see in the next few days if the Euro is a key to over panicking markets  or if it’s going to play catch up. A crucial level is 1.29 for the Euro.

Historical averages have seen a 9% correction in any given year according to CNBC. As of today we have corrected about 4.1%…

DOW DOWN SILLY…213

S&P DOWN SILLY…23

NASDAQ DOWN SILLY…55

OIL DOWN $1.25

GOLD UP $16.3

2 4 2sday

[youtube://http://www.youtube.com/watch?v=p4AggmLKTwc 450 300] [youtube://http://www.youtube.com/watch?v=nFl0nlHaWa4 450 300]

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NYSE

New Highs 21 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
ApartmentInvMgmt7%Cl Z        AIVpZ       25.10                4,765 
Atlas Energy                  ATLS        37.19              384,241 
BRT Realty Trust              BRT         7.15                11,700 
BlkRk MuniYld Inv             MYF         16.13               37,984 
BlackRockStrategicBond        BHD         14.44               27,457 
Bluegreen Corp                BXG         4.73                17,405 
Chipotle Mexican Grill        CMG         428.95             448,704 
Credicorp                     BAP         137.35             145,561 
Delphi Fincl                  DFG         45.37              854,401 
HSBC USA pfd. Ser H           HBApH       25.52               14,185 
Hlth Care REIT 6.50 Pfd J     HCNpJ       25.30               67,146 
Home Depot                    HD          50.86            5,743,035 
KKR Finl 7.5% Notes 2042      KFI         25.22              106,943 
Kayne Anderson MLP Pfd E      KYNpE       25.90               17,150 
Kilroy Realty Corp Pfd G      KRCpG       25.47               54,802 
Mangd Durtn InvGr Mun Fd      MZF         15.89                7,744 
Orientl Finl Grp 7% pfd B     OFGpB       23.55                1,000 
PPLUS 6.7% TRUCs LMG-4        PYL         24.11                5,258 
Retail Prop of America        RPAI        9.44             1,057,303 
Terra Nitrogen                TNH         270.93              48,675 
TX Pacific Land Tr            TPL         52.88               43,881 

New Lows 60 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
ASA Gold & Prec Metals        ASA         23.47               26,179 
AbitibiBowater                ABH         13.32              480,975 
Accretive Health              AH          18.97              315,817 
Alpha Natural Res             ANR         13.80            8,803,541 
AngloGold Ashanti             AU          32.44            2,618,617 
AngloGold Ashanti Pfd A       AUpA        39.51               45,476 
Arch Coal                     ACI         9.90             6,894,846 
Baker Hughes                  BHI         39.40            3,829,340 
Banco Macro SA                BMA         16.76               98,948 
Banco Santander               STD         6.57            11,981,872 
Best Buy                      BBY         21.61           20,453,193 
Bill Barrett                  BBG         22.47              557,709 
Cellcom Israel                CEL         11.29              198,242 
Clear Chnnl Outdoor           CCO         7.50               436,709 
Cloud Peak Engy               CLD         14.65              448,921 
DelhaizeGrp                   DEG         48.49               26,350 
DeVry                         DV          31.37              441,615 
EXCO Resources                XCO         5.93             4,720,432 
EldoradoGold                  EGO         12.44            2,147,468 
Enerplus                      ERF         19.06            2,113,392 
Equal Energy                  EQU         3.50                98,790 
Exelon                        EXC         37.97            3,514,414 
Ferrellgas                    FGP         13.39              450,501 
Fortuna Silver Mines          FSM         3.85               267,239 
France Telecom                FTE         13.70            1,098,876 
GFI Group                     GFIG        3.36               134,513 
GenOn Energy                  GEN         1.95             1,714,659 
Gold Field ADS                GFI         12.53            2,419,629 
Great North Iron Ore Prop     GNI         90.01                9,760 
Harmony Gold Mining           HMY         9.90             1,097,223 
Harvest Ntrl Res              HNR         5.86               273,695 
Heckmann                      HEK         3.82             2,555,186 
Hecla Mining                  HL          4.09             2,920,193 
Jaguar Mining                 JAG         4.00             1,339,474 
Kaydon Corp                   KDN         23.02              201,411 
Memc Elec Materials           WFR         3.31             2,450,353 
Modine Mfg                    MOD         8.01               142,653 
NRG Energy                    NRG         14.54            1,271,019 
Natl Presto Indus             NPK         70.00               31,803 
Newfield Exploration          NFX         33.23            1,360,959 
No Amer Engy Ptnrs            NOA         4.31                13,377 
Nuveen Glbl Val Opp Fd        JGV         15.50               70,010 
Pandora Media                 P           8.67             3,449,182 
Panhandle Oil                 PHX         26.00                8,928 
Patriot Coal                  PCX         5.42             3,044,458 
Peabody Energy                BTU         27.11            3,952,213 
Penn Virginia                 PVA         3.92               511,355 
Petrobras Argentina ADS       PZE         10.78              116,107 
Pitney Bowes                  PBI         16.73            1,397,994 
Portugal Telecom              PT          4.87               230,149 
Pulse Electronics             PULS        2.17               120,409 
RadioShack                    RSH         5.86             1,999,095 
STR Holdings Inc.             STRI        3.93               214,105 
Standard Register             SR          1.00                54,206 
Telefonica                    TEF         15.02            3,448,550 
Tootsie Roll Indus            TR          21.69               69,780 
Transalta Corp                TAC         17.70               44,817 
Ultra Petroleum               UPL         19.50            1,940,385 
Vonage Holdings               VG          1.99             2,157,334 
Xerium Tech                   XRM         5.45                79,990

NASDAQ

New Highs 21 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
Anika Therapeutics            ANIK        14.38              140,014 
Annapolis Bancorp             ANNB        6.50                 1,891 
Apple                         AAPL        644.00          19,425,092 
Bassett Furniture Inds        BSET        9.53                19,639 
Bridge Capital Hldgs          BBNK        13.75               13,208 
CaesarStone SdotYam           CSTE        12.75               59,538 
Extreme Networks              EXTR        4.24             2,775,380 
1st Century Bcshs Inc         FCTY        5.19                 3,390 
Flexsteel Industries          FLXS        19.00                1,300 
Fonar Corp                    FONR        3.75               199,353 
Liquidity Services            LQDT        51.80              353,222 
Mercantile Bank               MBWM        14.61                9,203 
Merrimack Pharmaceuticals     MACK        6.87               191,700 
MSB Fincl                     MSBF        6.49                 3,747 
Pozen                         POZN        6.92               362,618 
pricelinecom                  PCLN        774.96           1,374,218 
Retalix                       RTLX        20.00                  956 
John B Sanfilippo & Son       JBSS        12.97                9,742 
Transcept Pharm Inc           TSPT        12.99              579,002 
Verenium                      VRNM        5.66               469,725 
X-Rite                        XRIT        5.55             3,269,202 

New Lows 74 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
APCO Oil and Gas              APAGF       51.25                9,371 
AVEO Pharmaceuticals          AVEO        11.56              171,589 
Amyris                        AMRS        3.64               172,044 
AngioDynamics                 ANGO        11.35               49,298 
CD Intl Ents                  CDII        0.72                29,593 
CEVA                          CEVA        21.35               58,946 
Cadence Pharmaceuticals       CADX        3.30               330,103 
Cardiome Pharma               CRME        0.57               268,910 
Chelsea Therapeutics Intl     CHTP        1.92               779,863 
China TechFaith Wireless      CNTF        1.38                90,595 
CommTouch Software            CTCH        2.81                 3,350 
Consolidated Water Co         CWCO        7.17                33,320 
Data I/O Corp                 DAIO        2.52               127,973 
Diamond Foods                 DMND        21.36              358,245 
Digital Generation            DGIT        8.94               297,302 
Durect                        DRRX        0.69               157,920 
Electronic Arts               EA          15.36            3,853,117 
Energy Recovery               ERII        2.00               132,631 
EnerNOC                       ENOC        6.49               143,547 
Enterprise Fincl Services     EFSC        10.81               34,262 
Euroseas                      ESEA        1.90                48,115 
Exceed Co                     EDS         2.01                30,755 
First Solar                   FSLR        20.02            3,234,758 
GSI Tech                      GSIT        4.08                82,667 
Galectin Therapeutics         GALT        3.74                32,061 
Genetic Techs  (ADS)          GENE        2.51                37,766 
GeoMet                        GMET        0.47                20,987 
Groupon Inc                   GRPN        13.44            1,413,215 
Hoku                          HOKU        0.43                58,541 
Hydrogenics                   HYGS        4.50                 4,132 
iSh MSCI Emg Mkts Lat Am      EEML        53.39                  100 
James River Coal Co           JRCC        4.51               667,667 
Knightsbridge Tankers         VLCCF       12.76              230,232 
Lifeway Foods                 LWAY        8.68                 4,553 
Lumos Networks                LMOS        9.57                22,914 
MDC Partners  (Cl A)          MDCA        9.97               153,914 
Meru Networks                 MERU        2.90               146,197 
Mission NewEnergy             MNEL        0.38                51,906 
Mitek Systems                 MITK        5.96             1,345,897 
NeurogesX                     NGSX        0.39               201,966 
Northwest Pipe Co             NWPX        18.87               33,036 
Opexa Therapeutics            OPXA        0.50               193,246 
OPNET Techs                   OPNT        26.73               74,477 
Origin Agritech               SEED        1.96               243,111 
Peerless Manufacturing Co     PMFG        13.09               35,040 
Partner Comm Co               PTNR        6.86                94,126 
Peregrine Pharma              PPHM        0.47               355,562 
Pinnacle Airlines             PNCL        0.30               743,757 
Plug Power                    PLUG        1.11               190,155 
PwrShs Gbl Gld & Prec Mtl     PSAU        36.36                4,754 
PwrShrs Glbl Wind Energy      PWND        6.44                17,214 
Primo Water                   PRMW        1.61               151,466 
Quantum Fuel Sys Techs        QTWW        0.54               656,520 
RF Micro Devices              RFMD        4.35             1,386,005 
Research Frontiers            REFR        3.05                13,710 
Richardson Electronics        RELL        11.15               75,580 
Rimage                        RIMG        9.57                27,850 
SMART Technologies            SMT         2.80                75,172 
SMF Energy                    FUEL        0.90               238,231 
Senomyx                       SNMX        2.15               150,013 
Sigma Designs                 SIGM        4.65                74,752 
Sinovac Biotech               SVA         1.82               102,048 
Skywest                       SKYW        10.13               94,586 
Sunshine Heart                SSH         7.50                 1,350 
THQ                           THQI        0.45               675,523 
Targacept                     TRGT        4.21             1,725,518 
Telestone Techs               TSTC        3.06                39,064 
Twin Disc                     TWIN        22.67               49,594 
US Auto Parts Ntwk            PRTS        2.84                24,646 
Utd Online                    UNTD        4.55               404,614 
UniTek Global Services        UNTK        2.97                42,904 
WPCS Intl                     WPCS        1.11                 6,400 
YRC Worldwide                 YRCW        4.69               178,898 
ZELTIQ Aesthetics             ZLTQ        5.47               123,627

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Source

“SAN FRANCISCO (MarketWatch) — The CBOE Market Volatility Index VIX +9.20% rose Tuesday as stocks were battered by poor economic data that underscored the fragility of the U.S. economic recovery as well as revived worries about Europe. The Vix, The so-called fear gauge rose over 8% to 20.40. It last closed above 20 on March 6 when it ended at 20.87. The National Federation of Independent Business small-business optimism index fell to 92.5 in March from 94.3 in February, after six months of gains. A steady rise in Spanish and Italian government bond yields also weighed on sentiment, highlighting concerns that Europe’s debt crisis remains unresolved. The Dow Jones Industrial Average DJIA -1.34% slid 1.2% to 12,776 and the S&P 500 SPX -1.41% fell 1.3% to 1,364. “

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-CALLS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
BAC        4/13/12           9.0000        2610            0.0900      dn 0.0700 
F          4/13/12          12.0000        1011            0.0900      dn 0.1700 
BAC        4/21/12          10.0000         967            0.0400      dn 0.0300 
BAC        4/21/12           9.0000         645            0.1900      dn 0.1200 
AAPL       4/13/12         650.0000         622            2.4100      dn 1.2900 
GLD        4/13/12         160.0000         563            1.8300      up 0.7300 
MSFT       4/21/12          32.0000         515            0.1400      dn 0.0900 
AAPL       4/13/12         640.0000         486            5.2500      dn 1.7000 
AAPL       4/13/12         645.0000         467            3.9000      dn 1.0000 
AAPL       4/21/12         640.0000         457           10.9000      dn 1.8000 

 -PUTS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
BAC        5/19/12           7.0000        1180            0.0900      up 0.0300 
BAC        4/21/12           7.0000        1000            0.0300      up 0.0100 
BAC        4/21/12           8.0000         692            0.1400      up 0.0700 
F          6/16/12          13.0000         610            1.4500      up 0.3000 
BAC        4/21/12           9.0000         496            0.5800      up 0.2000 
AAPL       4/13/12         640.0000         454           12.9500      up 2.8500 
BAC        5/19/12           8.0000         402            0.2900      up 0.0900 
RIMM       9/22/12          12.0000         399            1.6200      up 0.0400 
MS         5/19/12          16.0000         398            0.4200      up 0.1000 
AAPL       4/13/12         630.0000         392            6.8900      up 1.0400 

 -VOLUME- 
 CALLS      PUTS           TOTAL 
91866    100168        192034

-CALLS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
SIRI       1/19/13           2.0000       44091            0.4600      dn 0.0300 
SIRI       1/18/14           2.0000       43900            0.6400      dn 0.0600 
SIRI       1/18/14           2.5000       25010            0.4900      up 0.0500 
EMC        4/21/12          29.0000       10848            0.5500      dn 0.0200 
EMC        4/21/12          28.0000       10820            0.9700      dn 0.1600 
CHK        4/21/12          22.0000        9456            0.2800      dn 0.0800 
BAC        4/13/12           9.0000        9344            0.0800      dn 0.0800 
SQNM       1/19/13           7.5000        8919            0.1700      dn 0.0800 
BAC        4/21/12           9.0000        8723            0.1900      dn 0.1200 
AAPL       4/13/12         650.0000        6889            2.5800      dn 0.7100 

 -PUTS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
HPQ        8/18/12          21.0000       10020            0.7000      dn 0.0700 
HPQ        5/19/12          21.0000       10011            0.1500      dn 0.0200 
MS         1/18/14          10.0000       10000            1.1100      up 0.0900 
JCP        5/19/12          33.0000       10000            1.6000      up 0.3800 
XOM        1/19/13          90.0000        6410           11.2600      up 1.3100 
XOM        1/19/13          87.5000        6400            9.6100      up 1.2600 
MS         5/19/12          16.0000        5418            0.4200      up 0.1100 
X          4/21/12          27.0000        5192            1.0500      up 0.2700 
JCP        5/19/12          40.0000        5163            6.9500      up 0.7200 
AAPL       4/13/12         630.0000        4871            7.4000      up 1.6500 

 -VOLUME- 
 CALLS      PUTS           TOTAL 
1810079    1678879        3488958

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3D heat map

S&P A/D Line

NASDAQ A/D Line 

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Source

“12:00 pm : The major market averages trade on session lows as sellers remain in control. The S&P 500 and Nasdaq lead today’s decline with losses of 1.1% while the Dow trades down 1.0%.

Shares of SuperValue (SVU 5.83, +0.514) are up 9.5% following the company’s better than expected fourth quarter earnings. The company announced earnings per share of $0.38 which topped Capital IQ Consensus Estimate of $0.36 per share. Revenues missed expectations, coming in at $8.23 billion on expectations of $8.32 billion.  DJ30 -123.82 NASDAQ -36.43 SP500 -15.66 NASDAQ Adv/Vol/Dec 461/714.5 mln/1948 NYSE Adv/Vol/Dec 474/305.2 mln/2508

11:30 am : The major averages hold near session lows as all three trade down 0.6%.

European financials are under significant selling pressure as peripheral yields continue to climb. Selling in the periphery has run the Italian and Spanish 10-yr yields up to 5.61% and 5.98% respectively while a flight to safety in German Bunds has produced record low yields for 2-, 5-, and 10-yr Bunds. Heavy buying dropped the 2-yr Bund yield to 0.100% as it slid below the 2-yr Japanese Government Bond yield for the first time ever. Numerous financial stocks are halted across Italy, and that is weighing on Barclays (BCS 13.26, -0.48), Deutsche Bank (DB 44.24, -0.74), andSociete Generale (SCGLY.PK 4.94, -0.23) are among the worst performing financials on their respective indices.DJ30 -74.70 NASDAQ -16.31 SP500 -8.35 NASDAQ Adv/Vol/Dec 578/558.2 mln/1793 NYSE Adv/Vol/Dec 584/243.3 mln/2340

11:00 am : The major averages fell to session lows as traders digested this morning’s wholesale inventories data. The Dow and S&P 500 lead the decline with losses of 0.5% while the Nasdaq sees slight outperformance with a 0.3% decline.

Best Buy (BBY 22.15, -0.50) is down 2.2% after the resignation of Chief Executive Officer Brian Dunn. The company has named Director Mike Mikan interim CEO until a permanent replacement is hired. Shares surged more than 4.0% in initial reaction to Mr. Dunn’s resignation, but have since rolled over as broad-based selling hit stocks following the wholesale inventories number.  DJ30 -70.80 NASDAQ -10.15 SP500 -6.76 NASDAQ Adv/Vol/Dec 690/438.3 mln/1633 NYSE Adv/Vol/Dec 734/194.0 mln/2138

10:35 am : In Energy, May crude oil sold off sharply from its recent session high of $102.99 to a new session low of $101.65/barrel. Crude is now -0.4% at $102.04/barrel.

May natural gas was near the unchanged line overnight. Natural gas found buyers around 7:30am ET and pushed into positive territory and a new session high of $2.12.This was short-lived and nat gas began to trend lower, dropping to a new session low of $2.07 and remains near that level, currently at $2.07, down 2%.

In metals, Apr gold and May silver have sold off in recent trade and dropped to new session lows (Gold $1634.30, Silver $31.26). In current activity, both precious metals remain near that level. Gold is now -0.4% at $1638.20, while silver is -0.6% at $31.33/oz.DJ30 -51.50 NASDAQ -5.73 SP500 -4.38 NASDAQ Adv/Vol/Dec 760/363 mlnl/1547 NYSE Adv/Vol/Dec 833/166 mln/1958

10:05 am : Monthly wholesale numbers were just released. They showed a 0.9% increase in February, and that’s more than the 0.5% increase that had been broadly expected. There hasn’t been any real reaction among stocks to the data. The Nasdaq continues to lead the way with a 0.1% gain while the S&P 500 and Dow hold just below their respective flat lines.DJ30 -21.23 NASDAQ +3.74 SP500 -1.26 NASDAQ Adv/Vol/Dec 1044/200.4 mln/1163 NYSE Adv/Vol/Dec 1099/106.9 mln/1639

09:45 am : The major market averages are mixed in early trade. The tech-heavy Nasdaq is holding a gain of 0.2% thanks in large part to the 0.9% jump in Apple (AAPL 642.20, +5.97). Meanwhile, the S&P is flat and the Dow is off 0.1%. Wholesale inventories will be released at 10 am ET.DJ30 -10.82 NASDAQ +6.57 SP500 +0.34 NASDAQ Vol 105.4 mln NYSE Vol 70.4 mln”

Comments »

As a whole, European stocks were off by more than 2%, with Italy bearing the brunt of the sell off.

Comments »

Comments »

min mkt cap: $500 million

Comments »

Source

“Chesapeake Energy Corp. (CHK) : The second-largest U.S. natural-gas producer announced three separate deals for its oil and gas assets, raising about $2.6 billion to help fund development and cut debt.

DFC Global Corp. (DLLR) : The provider of check-cashing services and consumer loans said it plans a private offering of $200 million in senior convertible notes due 2017.

Harmonic Inc. (HLIT) : The provider of video-delivery systems said first-quarter earnings were no more than 3 cents a share, missing the average analyst estimate of 9 cents.

PPL Corp. (PPL) : The energy and utility holding company will sell 9.9 million shares in a public offering.”

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In Play

On the Wires 

Comments »

Asia

Europe

Futures

Currencies

Commodities

LIBOR, EURIBOR, 10 year yields for Italy, Spain, France, and Germany

 

Comments »

UK -0.88%

France -1.7%

Germany -1.23%

Comments »

Source

11:55 am : The major averages are back near session lows as sellers remain in control. All three of the major averages are seeing losses of similar magnitude, trading down 1.2%.

Shares of Eli Lily (LLY 39.81, -0.67) are down 1.7% despite the company announcing the Food and Drug Administration has approved Amyvid for use in patients under evaluation for Alzheimer’s and other diseases related to cognitive decline.  DJ30 -147.39 NASDAQ -35.55 SP500 -17.62 NASDAQ Adv/Vol/Dec 351/575.3 mln/2110 NYSE Adv/Vol/Dec 485/246.1 mln/2536

11:30 am : Treasuries are seeing a choppy session as action holds near Friday’s highs. Modest buying of longer dated paper has yields down a couple of basis points during today’s session and has the 10-yr searching for its first sub-2.00% print since March 12. The long bond is leading today’s advance as a gain of 17/32 has it nearing resistance in the 99 00/32 area. A flatter yield curve has persists with the 2-10-yr spread tighter at 172.5 basis points. Meanwhile, precious metals are mixed with gold up $8 at $1638 and silver down $0.40 near $31.35.DJ30 -150.30 NASDAQ -38.19 SP500 -18.47 NASDAQ Adv/Vol/Dec 340/507.2 mln/2100 NYSE Adv/Vol/Dec 477/221.2 mln/2537

11:00 am : The major averages are off their worst levels, but still hold losses of close to 1.0%. The S&P 500 is now the worst performer among the major indices, trading down 1.2%.

Molina Healthcare (MOH 26.36, -8.65) is down 24.7% after the company was informed it was not selected to participate in the Ohio Medicaid Managed Care Plan Request for Applications. The company’s contract with the state will expire without renewal at the end of 2012. Meanwhile,Centene (CNC 43.81, -6.99) is lower by 13.8% on similar news.  DJ30 -130.29 NASDAQ -28.03 SP500 -15.76 NASDAQ Adv/Vol/Dec 368/413.5 mln/2047 NYSE Adv/Vol/Dec 497/184.7 mln/2482

10:35 am : The dollar index has pulled back sharply, but has only given select commodities a boost. In  the energy, May crude oil has been in negative territory all session and didn’t benefit from that pull back in the dollar index. Crude hit a new session low of $101.27 a short while ago and remains near that low in current trade, now at $11.49/barrel, down 1.7%.

May natural gas was in the red overnight, but gained some steam this morning. About 20 minutes after floor trading began, nat gas rallied to a new session high of $2.11. Currently, it’s up 0.3% at $2.10/MMBtu.

In metals, Apr gold and May silver are mixed following the recent pullback in the dollar index.  Gold is now back near session highs, while silver is attempting to come off its recently-hit session low of $31.43. Currently, silver is modestly lower at $31.63, down 0.4% and gold is +1.0% at $1646.80/oz.DJ30 -127.52 NASDAQ -32.45 SP500 -15.60 NASDAQ Adv/Vol/Dec 350/331 mln/2049 NYSE Adv/Vol/Dec 468/157 mln/2417

10:00 am : The major averages are holding on session lows as sellers remain in control following Friday’s jobs report. The Nasdaq is pacing today’s decline with a loss of 1.5% while the S&P 500 and Dow trade lower by 1.4% and 1.2% respectively.

Shares of AOL (AOL 26.64, +8.22) are one of the few bright spots, trading up 44.6% after the company announced a $1 billion patent deal withMicrosoft (MSFT 31.09, -0.43). The deal pays AOL $1.056 billion in cash for more than 800 of its patents and their related applications. Today’s announcement includes the sale of stock of an AOL subsidy upon which the company expects to see a capital loss for tax purposes.  DJ30 -151.14 NASDAQ -47.22 SP500 -19.17 NASDAQ Adv/Vol/Dec 284/185.7 mln/2057 NYSE Adv/Vol/Dec 371/104.4 mln/2510

09:45 am : The major averages are under pressure in the opening minutes of trade. Selling is most pronounced in the Nasdaq as the tech-heavy index is down 1.3% while a loss of 0.9% has the Dow seeing some slight outperformance. Meanwhile, financials and energy are the worst perofrming sectors in the S&P 500, trading down 1.7% and 1.4% respectively.DJ30 -135.47 NASDAQ -41.21 SP500 -17.22 NASDAQ Vol 108.9 mln NYSE Vol 79.4 mln

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Source

“NEW YORK (MarketWatch) — Shares of the following companies were among those making notable moves in Monday’s market session:

Advancers

AOL Inc. AOL +45.33%   shares surged 42% after the search engine said it agreed to sell more than 800 of its patents and related applications to Microsoft Corp. MSFT -0.94%  and would give Microsoft a nonexclusive license to the patents it still holds, at a price of just more than $1 billion in cash.

Carrollton Bancorp’s CRRB +23.46%  shares rallied 23% after the parent of Carrollton Bank said it would merge with Jefferson Bancorp Inc.

Great Wolf Resorts Inc. WOLF +11.40% shares rose 12% after private-equity firm KSL Corp. increased its offer for the operator of indoor water recreation parks by 12% to $234 million, trying to top a rival effort by Apollo Group Management.

Zep Inc. ZEP +0.70%  shares climbed 3% after the maker of disinfectants and pest-control products reported second-quarter earnings that beat expectations.

Decliners

Centene Corp. CNC -13.66%  shares fell 13% after the provider of health insurance said it was notified a subsidiary had not been awarded a contract to continue serving Medicaid members in Ohio, starting early next year.

Zhongpin Inc.’s HOGS -5.98%  U.S.-listed shares declined 5% after federal regulators on Friday froze the accounts of six people accused of insider trading involving shares of Chinese pork processor. “

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NYSE

ew Highs 2 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
AOL                           AOL         26.18            3,571,170 
Delphi Fincl                  DFG         45.34              120,159 

New Lows 43 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
AbitibiBowater                ABH         13.53                6,210 
Advantage Oil & Gas           AAV         2.94                77,089 
Alliant Techsys               ATK         48.38               12,583 
Alpha Natural Res             ANR         13.85            1,112,462 
Arch Coal                     ACI         9.95               896,575 
Bill Barrett                  BBG         23.26               57,051 
Cellcom Israel                CEL         11.89               62,990 
Cloud Peak Engy               CLD         14.75               89,630 
DelhaizeGrp                   DEG         49.09                5,990 
DeVry                         DV          32.22               96,203 
EXCO Resources                XCO         5.98             1,132,548 
Enerplus                      ERF         19.90              519,820 
Exelon                        EXC         38.15              368,510 
Fortuna Silver Mines          FSM         4.06                54,181 
GasLog Ltd                    GLOG        11.01               52,221 
GenOn Energy                  GEN         1.97               174,238 
GrafTech Intl                 GTI         11.26               95,341 
Heckmann                      HEK         4.02               290,494 
Hecla Mining                  HL          4.18               782,210 
Hyperdynamics                 HDY         0.92               596,010 
KT Crp ADS                    KT          13.35               64,456 
Kaydon Corp                   KDN         23.76               13,534 
Millennial Media Inc          MM          16.71              350,209 
NRG Energy                    NRG         14.88              103,898 
Natl Presto Indus             NPK         71.90                4,376 
Nuveen Glbl Val Opp Fd        JGV         15.73               14,649 
Oi S.A.ADS                    OIBR        15.01                6,061 
Patriot Coal                  PCX         5.51               420,785 
Peabody Energy                BTU         27.61              508,046 
Penn Virginia                 PVA         4.06               128,162 
Petrobras Argentina ADS       PZE         11.00               16,988 
Pitney Bowes                  PBI         17.00              236,276 
RadioShack                    RSH         5.92               395,472 
Standard Register             SR          1.05                47,840 
Supervalu                     SVU         5.07               519,169 
Titanium Metals               TIE         12.75              125,932 
Tootsie Roll Indus            TR          22.06               12,194 
Transalta Corp                TAC         18.03               10,739 
Ultra Petroleum               UPL         20.00              274,263 
Virtus Glbl MultiSector       VGI         19.88               17,370 
World Wrestling               WWE         8.12                23,951 
Xerium Tech                   XRM         6.00                17,897 
YPF SA                        YPF         21.85               47,539

NASDAQ

New Highs 11 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
Amer Cap Agency Pfd A         AGNCP       25.20               26,200 
Anika Therapeutics            ANIK        13.65               47,797 
Carrollton Bancorp            CRRB        5.40                 2,740 
Global-Tech                   GAI         9.94                55,736 
Great Wolf Resorts            WOLF        7.35               356,673 
Icahn Enterprises             IEP         48.54                5,646 
Mattersight                   MATR        8.78                 1,273 
Procera Networks              PKT         23.75               53,176 
Russ Small-Cap Low P/E        SCLP        72.00                  200 
Salem Comm                    SALM        5.03                13,627 
Verenium                      VRNM        4.60                37,791 

New Lows 35 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
ARCA biopharma Inc            ABIO        0.71                25,412 
Alliance Hldgs GP             AHGP        39.28                5,067 
Alliance Resource Prtnrs      ARLP        55.01               33,213 
American Learning             ALRN        0.92                 1,900 
Apollo Grp  (Cl A)            APOL        35.77              130,312 
B Communications              BCOM        7.21                 1,000 
Blue Nile                     NILE        28.78               12,963 
CEVA                          CEVA        21.50               15,004 
Cardiome Pharma               CRME        0.60               118,258 
Digital Generation            DGIT        9.17                25,543 
Electronic Arts               EA          15.98              329,566 
EnerNOC                       ENOC        6.56                11,548 
First Solar                   FSLR        20.26              493,762 
GSI Tech                      GSIT        4.15                11,198 
Groupon Inc                   GRPN        13.58              249,659 
Intrnt Gold-Golden Lines      IGLD        5.20                   530 
iSh Emg Mk Engy Sectr Cap     EMEY        46.56                  533 
James River Coal Co           JRCC        4.60               134,122 
Meru Networks                 MERU        3.00                65,642 
Mission NewEnergy             MNEL        0.45                   730 
Opexa Therapeutics            OPXA        0.58                 7,900 
OPNET Techs                   OPNT        27.89                7,318 
Peerless Manufacturing Co     PMFG        13.57                2,668 
Polycom                       PLCM        14.08              600,135 
PwrShs Gbl Gld & Prec Mtl     PSAU        36.38                  601 
Primo Water                   PRMW        1.72                16,483 
Quantum Fuel Sys Techs        QTWW        0.60               116,959 
RealPage                      RP          17.81                7,972 
Rimage                        RIMG        9.83                 2,950 
Skywest                       SKYW        10.46                8,871 
Swisher Hygiene               SWSH        2.01               211,601 
US Auto Parts Ntwk            PRTS        2.87                 2,002 
WebMD Health                  WBMD        22.75               33,902 
Wireless Ronin Techs          RNIN        0.69                 3,600 
YRC Worldwide                 YRCW        4.90                19,329

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3D heat map

S&P A/D Line

NASDAQ A/D Line 

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 -CALLS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
BAC        4/21/12          10.0000        2516            0.0600      dn 0.0400 
BAC        4/21/12           9.0000        2102            0.3300      dn 0.1500 
AAPL       4/13/12         635.0000        1465            6.2000      dn 3.2000 
AAPL       4/13/12         630.0000        1273            8.3100      dn 3.6400 
BAC        4/13/12           9.0000        1137            0.2000      dn 0.1500 
AAPL       4/13/12         625.0000        1051           10.8100      dn 4.3600 
NEM        6/16/12          50.0000        1019            1.8800      up 0.3100 
AAPL       4/13/12         640.0000         922            4.6000      dn 2.4000 
AAPL       4/13/12         620.0000         829           13.7000      dn 4.9000 
AVP        5/19/12          23.0000         785            1.1200      dn 0.3800 

 -PUTS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
VALE       5/19/12          23.0000        2397            1.5200      up 0.1400 
S          5/19/12           2.5000        2216            0.1400      up 0.0200 
GLD        4/21/12         155.0000        2128            0.4900      dn 0.2800 
GLD        9/22/12         140.0000        1500            1.7500      dn 0.2500 
AAPL       4/13/12         615.0000        1420            4.5000      up 0.8800 
INTC       4/21/12          27.0000        1106            0.3300      up 0.1000 
MSFT       4/21/12          30.0000        1092            0.2100      up 0.0800 
CALL       9/22/12          17.5000        1034            1.6000      dn 0.9500 
GLD        9/22/12         145.0000        1000            2.6300      dn 0.2900 
JPM        6/16/12          44.0000        1000            2.5100      up 0.5700 

 -VOLUME- 
 CALLS      PUTS           TOTAL 
352127    325951        678078

 -CALLS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
GS         5/19/12         105.0000         228           12.9000      dn 3.4000 
MCD        4/21/12         100.0000         176            0.5300      dn 0.0100 
BAC        4/21/12           9.0000         149            0.3100      dn 0.1700 
F          9/22/12          12.0000         140            1.0800      dn 0.1000 
SHLD       4/13/12          70.0000         104            0.1200      dn 0.6500 
AAPL       4/13/12         630.0000          95            8.4500      dn 3.5500 
TZA        5/19/12          30.0000          93            0.3600      up 0.0200 
POT        4/21/12          50.0000          88            0.0300      dn 0.0600 
AAPL       4/13/12         625.0000          77           10.8000      dn 4.1500 
AAPL       5/19/12         625.0000          76           33.0000      dn 2.5100 

 -PUTS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
INTC       4/21/12          27.0000         236            0.3300      up 0.0300 
GLD        4/21/12         155.0000         206            0.4600      dn 0.3100 
FCX        4/21/12          36.0000         117            0.7300      up 0.1700 
MSFT       4/21/12          30.0000          95            0.2100      up 0.0600 
WDC        4/13/12          40.0000          84            1.0800      up 0.3200 
CHK        4/21/12          21.0000          83            0.4300      up 0.1300 
JPM        9/22/12          39.0000          82            1.7900      up 0.2700 
AAPL       4/13/12         615.0000          77            4.5000      up 0.8000 
BAC        5/19/12          10.0000          75            1.1500      up 0.1100 
JCP        5/19/12          33.0000          69            1.2300      up 0.1700 

 -VOLUME- 
 CALLS      PUTS           TOTAL 
11855    16392        28247

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It has been a while since we have seen FUGLY….

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In Play

On the Wires 

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