Sam Collins

The Market is Overbought … but Who Cares?

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Today's Trading Landscape

Earnings to be reported include: 99 Cents Only, Acadia Pharmaceuticals, adidas AG, Agilysys, Agrium, Allete, Allied Irish Banks plc, Almost Family, Alon USA Energy, Alpha Pro Tech Ltd., Alumina Ltd., AmerCo, American Axle & Manufacturing Holdings, American Railcar Industries, American Water Works Co., AmeriCredit Corp., Amerigon, Amerisafe, Ameristar Casinos, Amicas, Amicus Therapeutics, Amtrust Financial Services, Andersons, Aqua America, Ashford Hospitality Trust, Athenahealth, Atlas Air, Atwood Oceanics, Avista Corp., Avnet, Baker Hughes, Blackboard, Blount International, Boise, Bottomline Technologies, Boyd Gaming, Brigham Exploration Co., Brink's Home Security, Brookfield Infrastructure Partners LP, Cadence Pharmaceuticals, Calgon Carbon Corp., Calumet Specialty Products, Caplease, CardioNet, Cardtronics, Career Education, Cbeyond, Celldex Therapeutics, Celsion Corp., CenterPoint Energy, Central European Distribution, Central Garden & Pet Company, Chelsea Therapeutics, Cisco Systems, Clayton Williams Energy, Cleco Corp., Cognex, Complete Production Services, Concur Technologies, Consolidated Graphics, COPA Holdings SA, Copano Energy LLC, Corrections Corporation of America, Cross Country Healthcare, Cumulus Media, CVR Energy, D&E Communications, Dawson Geophysical, Dean Foods, Devon Energy Corp., Dialysis Corporation of America, Eagle Bulk Shipping, Ebix, El Paso Electric, eLoyalty, Emrise Corp., EMS Technologies, EnergySolutions, Entravision Communications Corp., Erie Indemnity, Essex Property Trust, Excel Maritime Carriers Ltd., FEI Co., FelCor Lodging Trust, FGX International, Forestar Group, Fortress Investment Group LLC, Foster Wheeler AG, FPIC Insurance Group, Fushi Copperweld, Gaiam, Garmin Ltd., General Cable Corp., General Communication, Gilbraltar Industries, Given Imaging Ltd., Global Industries, Goodrich Petroleum, Great Plains Energy, H&E Equipment Services, Halifax, Haverty Furniture, Health Care REIT, Health Fitness, Healthsouth, Henkel, Himax Technologies, Home Inns & Hotels Management, HSN, Imperial Sugar, Infospace, Inland Real Estate Corp., InnerWorkings, Insight Enterprises, Integrys Energy Group, Internap, International Assets Holding, International Flavors & Fragrances, Interoil Corp., Interstate Hotels & Resorts, ION Geophysical Corp., ISTA Pharmaceuticals, j2 Global Communications, Kadant, Kendle, Kimball International, Lakes Entertainment, Legacy Reserves LP, Lincoln Educational Services, Lodgian, LoJack, LTC Properties, Lumber Liquidators, Marchex, Marsh & McLennan Companies, Martin Midstream Partners, McCormick & Schmick's Seafood Restaurants, Measurement Specialties, Medicis, Medivation, Mercadolibre, Miller Industries, Mobile Mini, Morton's Restaurant Group, Multimedia Games, Murphy Oil Corp., Nacco Industries, Nationwide Health Properties, NCI, Newport Corp., News Corp., NightHawk Radiology Holdings, Nippon Telegraph and Telephone Corp., NN, Northeast Utilities, NTELOS Holdings Corp., NxStage Medical, Oceanfreight, OGE Energy, OMV AG, On Assignment, Orbitz Worldwide, Orix Corp., Ormat Technologies, OSG America LP, OtelCo., Overseas Shipholding Group, Owens Corning, Paetec Holding Corp., PC Mall, PDI, Penn Virginia, Penn Virginia GP Holdings LP, Penn Virginia Resources, Pennantpark Investment Corp., Perficient, Petrobras Energia Participaciones S.A., PetroQuest Energy, PG&E Corp., Plains All American Pipeline, Polo Ralph Lauren Corp., Polypore International, Prestige Brands Holdings, Primus Guaranty Ltd., Procter & Gamble Co., Prudential Financial, PS Business Parks, Quality Distribution, Quanta Services, Quigley, Radian Group, RAE Systems, RBC Bearings, Red Lion Hotels Corp., Redwood Trust, Regency Centers, RehabCare Group, Resource America, RR Donnelley, Safeguard Scientifics, Seaspan Corp., Service Corp International, Sinclair Broadcast Group, Sovran Self Storage, Spectra Energy Partners LP, Standard Motor Products, Standard Parking, Star Gas Partners, Strategic Hotels and Resorts, SunoCo., Sunstone Hotel Investors, Super Micro Computer, Susser Holdings Corp., Syniverse Technologies, T-3 Energy Services, Targacept, TBS International Ltd., Tecumseh Products Co., Tekelec, Tenaris, S.A., TesCo., The Allstate Corp., Thoratec Corp., Towerstream Corp., Transact Technologies, Transocean Ltd., TravelCenters of America, Triple-S Management Corp., Tsakos Energy Navigation Ltd., Turkcell Illetsim Hizmetleri A.S., UIL Holdings Corp., United Online, Vertex Pharmaceuticals, ViaSat, Vital Images, Vonage Holdings Corp., Wabash National, Walter Investment, WGL Holdings, Willbros Group, WNS Holdings Ltd., Xata, XenoPort, and XTO Energy.

Economic reports due: Mortgage Bankers Association (MBA) purchase applications, Challenger Job-Cut Report, ADP employment report, Treasury refunding announcement, factory orders (the consensus expects -0.9%), ISM non-manufacturing index (the consensus expects 48.2), and EIA Petroleum Status Report.

Late news: Procter & Gamble (PG) reported Q4 earnings per share of 80 cents versus a 79-cent estimate.

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