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World Market Pulse: Trading Opportunities Monday September 20, 2010

|Includes:AGNC, BBRY, BNS, CBLI, CTL, EXPE, FTNT, GNI, HNP, IAAC, IWM, JOBS, N, OSK, QQQ, SPDR S&P 500 Trust ETF (SPY)

World markets are reaching an overbought state on very short term and the current bullish momentum may reverse in next 2 trading days.

I: Market senti-meter representing 27 top markets of the world before opening of Asian Markets.

II: World Markets At A Glance


Asia-Pacific



Market sentimeter based on 10 key Asian markets

Index                                                Close     Change  %Change

AORD – Australia                               4685.10     35.10    0.75Up
NZ50 - New ZeaLand                          3212.26   16.62    0.52Up
BSE - Bombay SENSEX India             19594.75   177.26   0.90Up
CNXN - S&P CNX NIFTY INDIA           5884.95     56.25     0.97Up

HSCEI - Hang Seng china enterprise   12171.19     169.78   1.41Up
HSI - Hang Seng                                21970.86      279.41 1.27Up  
JKSE-Jakarta Composite Index           3384.65        43.02   1.39Up
KOSPI - South Korea                         1,827.35        15.50   0.85Up

NIKK - Nikkei Japan average index    9626.09        116.59    1.21Up
SSEC - Shanghai Composite Index    2,598.69       -3.78      0.15Down  
STI - Singapore Strait times Index     3,076.37        9.26      0.30Up
TA100 - TelAviv 100 Israel                1087.75         -3.09     0.28Down
THDOW - Dow Jones Thailand           173.17           0.74       0.43Up
TWII - Taiwan Weighted                     8,158.33       58.58     0.72Up

Europe-Russia


ATX - ATX vienna index Austria 2500.96 9.47 0.38 Down
CAC - France 3722.02 -14.28 0.38 Down
CH30 - SWISS CH30 Switzerland 6389.02 35.14 0.47 Down
DAX – Germany 6209.76 -39.89 0.64 Down
EUR - EUROPE 100
XU100 - Istanbul Turkey TURKEY
FTSE - FTSE Uk 5508.45 -31.69  0.58 Down
IBEX - Bolsa Madrid IBEX 35 Spain
RTSI Russia- 1464.18 0.30 0.02Up

North & Latin America :

Market sentimeter based on NYSE,  S&P500 & Nasdaq

  S&P 500 1,125.59 +1.45%
 DJIA 10,607.85 +1.39%
 NASDAQ 2,315.61 +3.26%
 Russell 2000 651.44 +2.35%
 Wilshire 5000 11,612.97 +1.58%

 Morgan Stanley Consumer 689.91 +1.0%
 Morgan Stanley Cyclical 868.39 +1.97%
 Morgan Stanley Technology 571.83 +3.36%
 Transports 4,433.66 +.74%
 Utilities 391.12 -.92%
 MSCI Emerging Markets 43.07 +2.28%
 Lyxor L/S Equity Long Bias Index 973.41 +.98%
 Lyxor L/S Equity Variable Bias Index 849.69 +.46%
 Lyxor L/S Equity Short Bias Index 853.15 -2.67%



III: World Market Indicators:


Dow Jones World Stock Index, SMA > 20-period 50-period

Market Breadth                       Close    Change      % Chg           

VIX        Volatility Index            22.01     +0.29         +1.34%        
CPC     Put/Call Ratio                0.89       +0.07        +8.54%        
NYAD   NYSE A-D Line               562.00   +1,022.00 +222.17%        
NYSI     NYSE McClellan Chart    695.76    +24.97     +3.72%        
NYHL    NYSE Highs-Lows          218.00    +92.00     +73.02%      
NAAD    Nasdaq A-D Line           473.00    +1,121.00+172.99%        
NASI     Nasdaq McClellan Chart -142.79   +36.86    +20.52%        
NAHL    Nasdaq Highs-Lows        65.00     +28.00   +75.68%        
AMAD   AMEX A-D Line               47.00      +55.00  +687.50%        
AMHL    AMEX Highs-Lows         11.00      -2.00     -15.38%        


Market Momentum:

Market advancing and declines issues


                               NYSE   NASDAQ AMEX OTCBB

Advancing Issues     1,788     1,552     758     478
Declining Issues       1,310     1,214     821     531
Unchanged Issues    12           127       70      355

Advancing Shares  1,947,941,400     1,425,680,400     372,949,800     165,165,000
Declining Shares      2,777,345,900     1,153,940,800     810,797,600     542,285,300
Unchanged Shares   57,115,900          27,518,200          8,262,400         277,410,100

New Highs                350  107   104    32
New Lows                11     27     13     29

IV: Market Day To Come In Ny Exchanges:
 

Top Events Of The Day:           

Date       ET             Release            Consensus     Prior    
Sep 20     10:00     NAHB Market Index     14             13 

This Week Earning Calendar

Monday, September 20

Before The Open                                             Consensus      Yr Ago      
Discover Financial Services DFS                       0.33               1.07
Lennar LEN                                                        0.05              -0.97

V: Latest Upgrades Or Downgrades By Top Analysts

+Upgrades

Company          Brokerage Firm     Ratings Change     Price Target

Oshkosh Truck  OSK     Robert W. Baird     Neutral » Outperform     $42
Scotiabank  BNS     BMO Capital Markets     Market Perform » Outperform    

-Downgrades

Company         Brokerage Firm     Ratings Change     Price Target

Arena Pharm ARNA     Davenport     Buy » Neutral    
BHP Billiton   BHP     HSBC Securities     Overweight » Neutral    
FedEx FDX     Argus     Buy » Hold    

FMC Tech FTI     Howard Weil  Market Outperform » Market Perform  $68 » $68
MercadoLibre MELI     Stifel Nicolaus     Buy » Hold  
Noble Energy NBL     UBS     Buy » Neutral     $76 » $76

Progress Energy PGN     Argus     Buy » Hold    
RAM Energy Resources RAME     Wunderlich     Buy » Hold     $4
Research In Motion RIMM     Avian     Positive » Neutral    

Royal Bank of Canada RY   BMO Capital Markets  Outperform » Market Perform    
Sup Energy Svcs SPN  Howard Weil Market Outperform » Market Perform     $26 » $26


Top performers of today with potential for more bullishness in next day or two:

FTNT, CBLI, JOBS, GNI, CTL, EXPE, HNP, N, IAAC, AGNC





Disclosure: No Positions

Stocks: SPY, QQQ, IWM, FTNT, CBLI, JOBS, GNI, CTL, EXPE, HNP, N, IAAC, AGNC, OSK, BNS, BBRY