been, where they are now. the first thing i looked at was the vix and what i saw was the lowest number we have seen on the fear indicator since last july, just before the market tanked. and actually, much lower earlier, in the 15 1/2 rang, then that blip up midday that didn't seem to have much impact on the market. you wonder when at some point thislacency for a the market. >> our producer saying the narrowest range for the dow industrials traded today all year. once again, looking at vol at this timity on the downside. last week, we did see the vix index move above 20. >> that tuesday selloff, i did pay attention to that yes, we are continuing to trend lower here. >> somebody tweeted the other day, maria, what's with the death grip on your blackberry? i don't know, i'm sorry. enter earth final stretch, major averages trying to extend the current winning streak to the fourth session in a row, stocks trade in the very tight range.

the dow trading in the smallest range in nearly a year. financials, meanwhile, weighing down the broader market, ahead of the federal reserve bank stress test results. we will get those results later on in the week. everybody waiting to see where capital levels stand now, bill. >> presumably, dividends higher after that. >> exactly. >> here is where we stand, an hour to go in the trading session, very choppy morning, we trended higher in the afternoon, near the highs of the session now on the dow industrial average, up 50 points at this hour, the nasdaq, a similar trading pattern, actually, the dow has been the strongest of the three major averages today. the nasdaq still in negative territory, off the lows now, a decline of 3 1/2 points, same thing for the s & p, just now turning into positive territory with a gain of a fraction at 1371. >> mixed market today, bill, we approach this final stretch in today's trading day. let's get to the closing bell exchange. today, bob pisani at the nyc, eamon javers in the washington, d.c. bureau.

what are you seeing this week in terms of what we might see market moving activity as we continue these contests for the election? >> sure hurricane the big thing i'm looking at here, maria, this week, starting today these fed stress tests here in washington. all eyes are on the fed waiting for something as early potentially today, maybe something earlier in your show even, get the metrics from the fed, the measurements by which they judge these banks. remember the 19 big banks subject to the full test and expected to see this go on as an annual exercise in washington. this will be the first real thorough run through we have had under the dodd frank. people have been pushing back sake the adverse scenario in these tests is really, really adverse. if it looks like the banks can't handle it well, don't be that worried, even much worse than what happened in real knit 2008. that is the big focus of attention here the next couple

of hours in washington. >> we are talking real stress, bill, 13% unemployment. >> exactly. >> very, very severe conditions. >> almost analogous to a ten-point earthquake. >> right. >> certainly a tough one to get through, if they can make it through that, certainly make it through other kinds of financial difficulties. >> i want to mention here, eamon, they are assuming 50% drop in the stock market that is part of the stress that's going on. head to banks, 50% drop in the stock. >> we had that, right? le the most part it feels like things are better. bob, no reaction in the market, looking at the smallest tightest traineding range this year, in a year, what are you saying there? >> i want to anticipate bill's

question about the vix. i got calls this morning. when you see the market leadership, financials and materials down the downside, the vix moves up. as you can see, the vix moving down today. i think there is a technical thing going on here, bill you can the expiration of the old contact, moving into a vix contract instead of march and april contact as a combination, we are into april and may. >> looks like a reset, turns out it actually was, i guess. >> exactly right. .let's move on and show you a couple of things here. you see what is going on here, you look at the dow leaders, these are all defensive names in the dow leadership. exxon moved up, ibm holding in leadership with walmart, coke, procter & gamble and merck here, indication of a defensive market. show you what the utilities are doing. the dow utilities is almost at a new high along with the dow industrial. that is a little bit unusual, some of these big names, edison, a new high for edison, nisource

a new high. look where we are in the major sec to the risk on gain here, the reason we are down here today guys is because of china, what was going on there, their trade deficit was wider than anticipated. you get that kind of thing, you usually see clean decline in the risk on names. >> where did the gold bars go? >> show you very, very shortly, hiding next to big burly guards trailing me virtually the entire day. >> as well they should, too. >> 1.4 million between the two bars. >> great. great. look at those later. fantastic special you have got coming up tonight, bob. >> thank you, maria. >> let's look at the movers and shakers on wall street at this hour. brian shactman at the cnbc exchange with the details. >> has his own secret service, nice feeling to have sometimes. we have florida. ed the s & p 500 but look at this at the real time exchange to see if there is trend or bias, basically only a touch more negative than positive, we couldn't be any more flat in the markets. stock store stories we are following at cnbc, start with

harley davidson, up 2.75%, unintended beneficiary of a warmer went so says ubs, sales looking strong. equifax, an upgrade and hershey, talking about a defensive market, upgraded to buy at goldman sachs, hershey up, above $60 a share, down about 2% for the year. rockwell automation up, and credit suisse up 92, trading a shade under 93. pitney bowes, i did a story on these guys a month back because of their ridiculous 8 1/2% yield, the stock showing life today if you add yield with appreciation, pitney bowes up 2.75, 18.34 a share. property names all doing well, simon property, boston properties, apartment investment co examples of that up 2%-plus, all three of them. quick update on ups, following this story, the reports it won't raise the bid for at&t express,

stock up on the news, fedex is down. if you look at the year-to-date, ups up 6.25, fedex, 9.5%. fedex outperformed for the year. back to you. >> thanks, brian a market here in the double digits, 50 minutes before the closing bell sounds, industrials up 44 points. >> i cannot wait for the segments. stop me if you have heard. this volume remains extremely light on wall street. >> no kidding. >> how this low volume might produce big profits for your portfolio. >> see how you can make volume work for u and starbucks shares brewed an all-time high is it time to take profits? talking numbers straight coming up. and a list of companies gaining tremendous pricing power because of the declining cost of natural gas. that is coming up. we take a break, major commodities and how they are trading, watching the closing bell on cnbc, first in business worldwide. [ tom ] we invented the turbine business right here in schenectady.

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50 minutes in today's 50 minutes in today's session. the dow industrial average the strongest of the major averages on track for its first four-day winning streak since january 20th, although investors do remain cautious ahead of tomorrows afederal reserve policy meeting, the dow trading in a relatively tight range, up as many as 51 points, down as many as two. right now, a 44-point gain. exxonmobil, walmart, merck and home depot rising at this hour. >> even though the market has, of course, been steady -- climbing steadily, trading volume is light and our next guest says that may not abad thing. low trading volume is the indicate other of a bull market run, bill. >> did you hear that? chris johnson director of research at jk investment group are he joins us to make his case

taking the opposite view, maria's view, the president of manning and net here advisers, good to see you both. >> thanks for having me today. >> maria and i had this friendly feud about volume, low volume and what it means much i maintain we are going back to the old normal. the new normal is the old normal, i think you agree with that, don't you? >> i do to some degree, i hate to disagree with maria of all people. if you look at the trend in volume, averaging the last three months 150 million shares on the spiders which is a great proxy for the rest of the market. historically, if you look over the last ten years, that number drops very considerably below that right now, if you look at the standard deviation of the s & p 500 shares, the spiders, have to get to a point we are trading 75 million shares a day to be considered statistically low. get this when you test those -- significantly low levels historically, the market is actually up, the market i mean,

s & p 500 up 3% in the month following. we get low volume, i'm okay with that general lay good indicator of the market. >> we have been getting that low volume. chris, do you not put any credence into the idea that the numbers indicate a lack of participation, that the individual has given up and they don't want to necessarily take too much risk because that flash crash scared them out of the market, institutions sitting on cash, cash in money market accounts and on the side lines? >> everybody is in bonds too, right? i do, you know what, i'm all right with that, maria. one of the things we follow closely is the market val police four stages. bottom when you see -- when you see that despair in the market, nobody wants to own stocks.

the next stage is acceptance, we see money flow from bond funds and the sidelines back into equities and then the final stage is euphoria, where everybody is buying stocks, you and i both know that is the best time to be selling, when everyone is buying. right now, we are just seeing disbelief with that low volume. >> health thannic. not euphoric. >> heard the case from chris now, make the other side of the case on low volume, what it means for this market. >> i hope chris is right, have this low volume before the volume begins to pick up. it comes down to it following the new york stock exchange volume for several years now and the nasdaq volume is stagnant, different companies, buying companies because they feel they are win, avoiding the companies that are losers, too much buying indexes, not enough buying companies that are well positioned, a compression, valuations, we really need those equity investors to come back

into the market so that you have a healthier environment not only volume but liquidity, investors are truly buying the best companies. >> you say there are other more. >> what are you a paying attention to? >> i think equity fund flows are important. every time we see equity fund flows come into the market, you get an expansion of val cations across the market. every time the fund flows go away and you see money coming out of equity funds, seeing valuation spretds come in. we need to see lower correlation and fund flows coming into the market. hopefullied three what chris is saying, a healthier environment where that disbelief is overcome.

>> bottom line it. are we going back to the old highs, do you think? >> a good chance in this, you watch obviously you guys do in the morning with joe kernen, looking for 25%. i don't think an s & p 500 around the 1500 -- 1700 -- 1500 level, sorry, way out of the question here, bill. i think you are looking at a year where investors have been parked on the sidelines. jeff nailed it. everybody putting money into bond funds, money out of equities. typically that happens at the points we associate with capitulation in the market. if we see the next same, where investors start to feel like they are left behind by this bull market rally, soil a large inflow of cash back onto the equity side. we are going to break out higher. i think the analysts underestimated it for 2012, the bottom line. >> a factor because do you have all that potential money to come back in and it does usually happen. quickly, once it catches fire. >> especially with ben bernanke telling us that interest rates

are going to remain low o. >> until 2014. >> start foraging for rates in equities. >> where is the yield then, chris, where do you want to be exposed if you want to prepare yourself for that influx of money? >> well, there's some great dividend plays out there you look at companies like cincinnati financial here locally, obvious any cincinnati, yielding above 5%, the stock has been doing very well, hit last week because of the tornadoes we had in the area, very nondiverse, here in the midwest. i think that is a great play from a dividend perspective, coca-cola, mcdonald's, yielding dividends we like those, they are offering breath growth potential, investors are loving stocks because they have dividends. no pun to mcdonald's, with we're love it. >> we are glad you were here to make the case anyway. thank you, gentlemen. thanks a lot, guys. not buying it yet, are you? >> not buying it i feel like the numbers indicate a lack of precisati precisation. the new normal. 40 minutes until the closing

bell. a market up almost 50 points on the dow jones. financials not part of it, they are down across the board. >> starbucks hot lately as the coffee it sells. talking numbers will break down the charts to show you why the stock may not be too hot to handle yet. then we are kicking off our tech cash cow series once again this time with qualcomm. the company has tons of cash on the balance sheet, very little debt. wither going to go through those gauges for you, come up with the screens a lot of cash, low debt, winning combination for your portfolio. we enter the break now, here is how the s & p 500 heat map is shaping up, a little more red that green. back after this. t simply repeat history. we had to create it. introducing the 2013 lexus gs, with leading-edge safety technology, like available blind spot monitor... [ tires screech ] ...night view... and heads-up display. [ engine revving ]

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i'm sharon epperson at the nynex. what is coming up next from the fed? what gold traders are wondering as we get into i'm sharon epperson at the nynex. what is coming up next from the fed? what gold traders are wondering as we get into next session. we are here after the close, looking at gold prices, $1700 an ounce and saw declines today, gold, precious metals and commodities across-the-board, concern about slow down in china, most of the focus in the gold market is what is going to happen with qe 3. will we see qe 3 and if not, see lower gold prices ahead? keep in mind, the dollar's relative strength, something that is also pressured gold

prices as well and we are looking at the biggest weekly decline in terms of net long positions in the gold market we have seen since august, a fact the traders talked about as well n terms of long-term investors, they still love gold, etf holdings at the highest levels last week, so that is something that a lot of traders are point to say there is structural stability here in the gold market. maria, back to you. >> thank you so much. right now the market at the high, 53 points higher on the dow jones industrial average, zeroing in on consumer discretionary stocks. why? because they are at or near the all-time highs consumer discretionary sector. starbucks is one we want to zero in on as well. carter worth from oppenheim her, best technician on wall street. good to see you. first consumer discretion naries as a sector. >> sure. so it is obviously all-time highs as a sector as you have cited but the issue is that the steepness of the current intermediate advance, moving

from its october low, where it is now, 33 to 44, some 33 to 34%, well above its proceeding top, most importantly, what you will see here, the 150 moving average placed in, now too far above that line. history shows typically when you have excited a past stop and far above your smoothing mechanism, you are due for some sort of correction or pull back, a mature under immediate advance judged to be unstable. >> what is driving it? what happened here? is that warranted? >> a lot of individual names also making all-time highs, one that is even farther ahead than the whole rate itself is starbucks, we can look at that just juxtaposed by comparison. and here, too the same general trajectory, october low, all stocks made lows but in this case, talking about 35 to 52, a 50% move, here, too, it is basically two standard deviations above its trend as measured by the smoothing mechanism or 150-day moving average, typically, you get a

point where trade is crowded, everyone's invested. whom are you going to sell it to? we have reached that point by our loss. >> would you sell it here? >> take the money off the table, trim, wriright calls. >> i was surprised so much excitement over the single cup coffee last week. >> that little bit is. green mountain destroyed. this didn't quite move as much as the euphoria around it one would have thought. >> let me get your take on the broader market, up 50 points on the dow jones industrial average, hit 13,000 a while ago, you think we can go back there? what about the broader market? >> hurricane is the principle would be as follows, after plunging dramatically, anything, stock price index, that recovers all of the lost crowd, as the case of the dow or the s and pnchts you get back to the level which you sold off, typically you respond to that level, which is to say you back and fill or back away. the reason is that is where the

memory is that is where the dead bodies are. people hurt by the selloff last summer now having had all their money returned to them become interested sellers. we are due for backing and filling here. >> does volume play into that? having this debate about volume. i feel like these volume numbers were so low now. does that indicate a lack of participation and equities? >> the retail investor is not there and the gear in your leverage that was in the hedge fund community wasn't there either, those two things would account for a good deal of this very lackluster level. >> good to have you on the program. thank you so much. carter worth. bill back to you. >> the dow at this point still holding onto good gapes, we head to the close, the volatility index touching the lowest level since last july. what does that mean for the market and your money? our experts weigh in on that area coming up. plus is a bubble forming in

the housing rental market? >> home prices are still falling and rents are still rising is it the making of a rental bubble? >> we have details of a brand-new report from zillow coming up on the closing bell. >> as we heated to break, how each member of the dow has been trading so far today. one, two, three, four, five, six, seven are lower, the other 23 higher. back after this. tdd# 1-800-345-2550 let's talk about fees. tdd# 1-800-345-2550 there are atm fees. tdd# 1-800-345-2550 account service fees. tdd# 1-800-345-2550 and the most dreaded fees of all, hidden fees. tdd# 1-800-345-2550 at charles schwab, you won't pay fees on top of fees. tdd# 1-800-345-2550 no monthly account service fees. tdd# 1-800-345-2550 no hidden fees. tdd# 1-800-345-2550 and we rebate every atm fee. tdd# 1-800-345-2550 so talk to chuck tdd# 1-800-345-2550 because when it comes to talking, there is no fee.

welcome back. bob pisani on the floor of the stock exchange, we are up today and largely because of defensive names, look at what is going on, for example, in major sectors today, your major risk on sectors, all to the downside here, more defensive names like utilities and consumer stocks on the upside, energy is notably weak, a lot of this is on concerns on the soft landing in china. remember the mark heats about holding up partly on the soft landing concept. we had the china trade deficit numbers this morning little bit wider than expected, so, some of

the energy names typically would move down on china news, seeing oil equipment stocks and drillers all down 2 or 3%. another weak group is the chinese market in general, the power -- the chinese solar stocks down also are weak. why are we up 40 points in doubt? all the defensive names, walmart, coke, procter & gamble, merck, moving to the upside. bill and maria, back to you. >> thank you very much, bob. while that is going on, vix futures are modestly moving lower, as we mentioned, the market is near a tipping point and new developments could cause sudden shifts in sentiment as we go forward. so, what will make or break this market and what does it mean for your portfolio right now? >> joining us now, george ball, chairman and co-ceo of the edelman group and dan mcmahon from raymond james. good to see you. dan, kick this off with you, what do you see in terms of sentiment, risk adversity from

clients? >> seen clients put on more, grow an appetite for risk and put the risk trade back on probably since mid-january and seeing a bit of a rotation out of pharma, underperformeded the s & p, utilities, very strong last year, down 2 1/2, 3% a year, a greater appetite for risk, hearing talk about inflation again, leading people to want to buy equities and more a greater conviction that european greece crisis is on the sidelines for now and you focus more on the u.s. recovery, china growth and some other things that are more easily handicapped. >> george, you have seen your share of bull and bear markets, when do we start to enter a complacency period? are we there yet, do you think? >> the markets very placid for the last several months and responding to the same cues, as dan said, recent pore chu gal, iran in oil, it has been u.s. growth in china not growing quite as well. the longer a market extends a tranquil period, generally, the greater the eruption, up or

down. sort of like a forest fire. >> are we there yet? >> i think we are on the brink of it, a new set of chew drive the market, the market is tight hearten old ones and one or two that are thought that are going to change how we view the markets and how they act. >> i'm glad you mentioned oil, energy is one of those things that actually could throw the economic recovery off track. so how do you make energy work for you in terms of an investor? do you want to buy oil and oil companies here? >> i want to buy companies that participate in oil. the supplier to and so the simple way do that i think is to buy mlps or some of the royalty trusts that they are conveyor belts, total toll systems they aren't particularly dependent on the price of oil or gas, as long as the product goes through the pipeline and do you get, as you know, maria, a very healthy wield yield in the interim

period. >> went through the period, dan, we were looking for yield, there still, as you were saying, see more risk appetite there, where do you see risk opportunity in area? >> never a bad time to buy yield, gives you a cushion, downside cushion, we actually, while still not necessarily bullish on gas -- in the gassy stocks, we are less bearish than we have been and it seems a little bit interesting, the oily trade seems to be a bit crowded right now. you see companies talking about oil in their presentations and rooms are packed to the gills and you go to the gassy presentations and you hear crickets, maybe it might be time to jump in on the ignored trade and out of the crowded trade. might be early but i don't think you will necessarily be wrong. >> what about financials here? waiting on the results of the stress test, the fed reserve, might get results at the end of the day today, certainly this week getting information. >> financials performed very, very well this year and a matter of people waiting for the pull back and then the conviction that there was, you know, contagion was going to be the

rule of the day in europe and less impact than the u.s. banks, people started to chase them on a valuation basis. give the run they have had, if we get some tep bid news, it be from the stress test thursday or something before then, some of the economic data, a lot of economic data, cpi, ppi out this week so they may be setting up for a pull back, give the run we have. >> could it sell on the news? >> buy cannon, sell on the news. >> george on the financials, when you consider the banks are expected to raise dividends, the permission to do so, presumably, they will pass these stress tests, would you buy the big bank it is their dividends are going higher here? >> i'm in dan's camp. i would definitely buy them, i would buy them on a pull back preferably. they have got two things working for them. one is interest rates are going to go higher at some point, their interest margins will improve. that is longer term, is that tomorrow or two years from no tomorrow, we don't know the other thing is i think there is a thesis that the big banks will be broken up either explicitly

or tacitly and in many cases, the parts of the banks are worth a grat deal more than the whole stock price today. if you are a breakup maven, you would bite financials, again preferably on a debt basis. >> who do you think will be broken up? >> um, well, i hope not my third marriage, but put -- >> gets broken up? >> think all the big banks will be put in positions where the capital required to be in each line of business is so large that in the aggregate, the -- there will be no impetus to be a global bank. they are going to be brought back to the narrower wall street that i think most of the nation craves today. >> let me throw another category out here. how about autos? what about the autos that have come bang from the brink? i have said before, i equate the autos -- i equate the financials today with what the autos were in 2008 only they were on their backs and had to get the bailout

money and they have come bang in a big way here. the financials may be headed that direction but would you buy autos? >> again this is a hemmed answer, how strong and how convinced are you in the economic recovery? because we have seen some interest in the consumer stocks in general and in order for the autos to continue to participate, you are going to have to have people willing to buy cars, it sounds simple and stupid but let's keep it simple stupid. >> presuming the economy continues to recover, that typically is what happens, isn't it? people start to replace the terms they hung onto earlier. >> affect the auto parts manufacturers, people not fixing the cars for ten years, finally get the comfort tack tore, as much as we see the strength in the consumer and improvement in the jobs market, the autos have upside room. >> still putting money outside the u.s. as well as inside or is that the emerging market, and the hotspots outside the united states? >> yes, without a doubt, europe is a tremendous area for growth

and if auchb appetite for risk give top has pulled back some, chime sna a wildcard. preaching slower growth but not terrible growth and certainly not a contraction and they are going to continue, it seems to lower rates so overseas and international investing continues to present an opportunity, particularly as the u.s. market has gotten maybe a little bit ahead of itself. great conversation, we appreciate t. >> say hi to your wife for us, by the way. 20 minutes before the -- he said it didn't say t 20 minutes before the closing bell, dow jones industrial 42 points, shy of the high of the day. >> get ready to trade the close. find out why our next guest says investors need pay close attention to bonds right now. >> we get an up close look at the record run in gold prices. whether the precious metal can head to higher highs. back in a moment. [ male announcer ] this is the network --

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welcome back to closing bell. seema mody here. the nasdaq trading in negativer to but there are pockets of strength. b of a upgrading the names. the top biotech pick for, reg general er ron. positive comments saying an inexpensive obesity stock with positive potential for orexigen.

the company stopping a late stage clinical trial of a hard drug for an they are rah. spending time and money on a drug, taking it through clinical trials and then at the end, finding an error is risk. an they are rah down 44.8%. maria? >> seema, thank you so much. in the final stretch of trading for a monday, 15 minutes left until the closing bell sounds. a quick stat check on the dow industrials and nasdaq. composite on pace to snap a three-day winning streak today, off session lows, as you can see, the nasdaq down six points. earlier, the nasdaq down 15 points, that was the day's low, newt 29.82. cboe's volatility index touching 15.23 earlier, the loews intraday level since july 1st. the vix, as you can see, down about a point it has not settled above 20 since march 6th. bill? every time the fed meets, maria, as you know, investors start talk about the possibility of easing, maybe a qe program. of course, the fed meets

tomorrow. our next guest says that the market may be disappointed. so, what's the trade here? michael claire sit head of u.s. rate strategy at ubc capital markets. so strong, yet another strong employment report, don't you think qe 2 3 is off the table for the fed tomorrow, michael? >> i do think it is off the table. however we did have press reports of potential sterilized qe, doing question. not printing money but borough money from banks or borough money in the reap poe market to pay for the asset purchases and i think that that talk has actually overridden the strength of the employment report in some market expectations of to the mistake they are making is that discussion is about the how of buying securities, not whether they are going to buy securities. i think we will need -- >> go ahead, finish your thought. >> i think we will need to see a softening of the data to get them to actually buy securities. >> the ten year, back to the

high end of the yield range, lately above 2%, the buyers come back into this market, we are there again. do you think it is a buying opportunity going into the fed meeting tomorrow? >> i think, again, at that 2% yield, we have seen inflation be stubbornly high here that 2% yield, if you adjust for inflation is a significant negative real yield. so, hard to call this a buying opportunity. i think that in order to maintain rates at these levels, you have got to have either a lot of stress or you need to have the fed coming in and upsizing its programs and again we don't think we are going to hear any news about the fed doing anything at this meeting, not in tomorrow's statement and not even really in the minutes that will be out the first week of april. >> yeah, you anticipated my question, whether or not we would see any subtle changes in the language of that statement which has been reiterating for months now that they would maintain this low interest rate environment and of course we all know would keep it there until the end of '14 but you don't

anticipate any slight little change in language there? >> we think there will be a very cautious we haven't had the depressing effect from a cold or stormy winter and won't know until the spring what the fundmentals are. we get to a real underlying level and i think the fed is going to remain uncertain until we get that data. >> spoken like a true bond trader, a skeptic on all fronts there, i like t michael, thanks for joining us today. >> thanks.

things are worsening here, we approach the final stretch, 15 minutes before the closing bell sounds, the s & p looking like it is going negative here. the dow jones industrial average, you can see the s & p down a fraction, the dow jones industrial average off the highs, the gape on the session 38 points. brian shactman has his eye on the under-the-radar names now. brian? >> names off the rails, american rail, down 10.5%. i will tell you why, soda talk and clean energy and relationships between clean energy and south korea, one stock moving, all the details next on "the closing bell."

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i'm i'm back on the floor of the new york stock exchange in front of the post they trade shares of yo cue, here up in heavy volume today, the number one online video company in china. they struck a deal to buy their number two rival, two dough, a deal expected to be $2 million. you combine yo cue and two dough, what are you going to call it yo cue two dough, more of a third of the 450 million internet users. both companies posted a net last the past year and batting it out in court over alleged copyright infrin infringement. if you couldn't beat them, buy them. today's news lit up shares of both companies, yoku and tudo eeach adding a third of their value on a 52-week basis, tudo

public last summer at $29 a share. they may not be stealing the headlines today but underthe radar names worth checking up on do that with brian shactman, rounding out the action. >> some bearishness in the rail sector i want to touch on, key bank downgraded american rail car and freight car america, rates could be moderating, american rail car down 10.25, freight car america down almost 7%. soda stream a bit of a move here, take a look, it is up 9%. it troin deuced a new product today, oppenheimer stays recently met with the company and feels more confident in the company after that meeting.

it is one of those things were this company, we just don't talk about it that much right now and it is back to the downside. >> back to the downside, apple keeps moving to the upside. thanks, brian. ten minutes before the closing bell sounds for the day. dow industrials down 37, the s & p 500 negative, down a fraction. the closing countdown after this break. then after the bell, join me what will it take to get the dow past the resist taps level we have been seeing of 13,000? which stocks could be the lead and the drivers if, in fact, we see the market break out? we have it covered the next hour of the closing bell. first, the major of a rams, how we are trading as we approach this final stretch. first in business worldwide, cnbc. f you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do.

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td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans? fiveess than less than five minutes before the closing bell. i don't know about you, i go on vacation, i don't spend a whole lot of time focus on the markets, they will trade and be there when i get back. and that was the case. i knew about the selloff of last tuesday, otherwise, it was fuzzy, the first thing i looked at to get a sense of where we were was the vix. this is sort of the blood

pressure of the market and it continues to go lower. there is sort of a reset for technical reasons, don't worry about that let me show you the six-month chart of the vix. bill griffeth. see the lower from the peak there the low on the dow and all the other major average, if we reverse this show doubt the same period of time, watch this, this goes lower, the dow was going higher. the six-month chart of the dow, here is the question, at some point, you would think that you're going to get comp place acceptcy and the low on the vix will signal a top of the market, i did research, had staff do research, the dow hit its all-time high at 14,100-plus back in october of 2007.

you know wheres the vicks was? we have that full screen? this is a great punch line t is coming, i'm told. it was at -- you know what it was, 16 is where the vix was. we are at the point where the market conditions are right maybe for a peak in this market note, saying this is going to happen. here is other things i was watching when i came back from vacation, at yield on the ten-year note back above 2% see what it does tomorrow, the fed makes its announcement after the meeting, price of oil still above $100. when i was in california this last week, i paid $4.30-plus for gasoline, unleaded self-serve. i feel your pain out there in california. we are paying a lot less in parts of the northeast here but there it is, $106 on wti. gold can't get out of its own way, still at $1700. you wonder when it will get back to $1800.

bob pisani pointing out for the s & p sectors, a defensive market today, the stocks that have done well have essentially been those defensive sectors like the utilities, one of the best performing sectors from last year around worst performing sectors for this year where are the financials among the darlings in this market? this year so far, near the bottom in this case. dan mcmahon here, another sector we have been focusing on a lot lately, home builders just on fire for the last several months that is market goes higher here. yet the housing market still bumping along the bottom. >> everybody is counting on a cyclical trade for the past five, seven years, you see every year. and just hasn't a follow through. that is the real concern here. they are talking about moving inventory, not raising price. >> would you buy any of the home

builders here? >> not at this point, i think i would probably avoid them. >> retailers another sector depending on the category. most part, consumer doing well? >> the cruise lines performed very, very well, faith in a recovery, nato a consumer. the casual diners quick-serve restaurants performed very, very well. the lynch pin and sustain ability of that rally is, again, back toism you don't have to go to california to pay above $4. >> exactly. those of us who live in the northeast, where you have the higher taxes, you get that. dan mcmahon, thanks very much. bob pisani, a very narrow trading day today. very narrow. >> the important thing is the market is up but it is up for reasons that traders don't particularly like, up because of defensive names a day when utilities are up, staples are up.