.DJI

Nov. Consumer Confidence: 49.5 vs. 47 expected and 48.7 in October. Expectations 68.5 up from 67. The Dow Jones is trading almost even for the day at 10,432

The Dow Jones is up 169 points heading into the 2 PM EST hour with Citigroup (NYSE:C) and Bank of America (NYSE:BAC) leading the charge thanks to positive GDP news.

Its becoming far too normal and suddenly, a typical trading day watches the Dow Jones swing 100+ points in either direction on a moments notice. Trading in 2009 is nothing more than volatile gambling where the NYSE and NASDAQ have been replaced by roulette and craps tables.

The Bulls were on fire today, the Dow Jones finished up 124 points and Citigroup (NYSE:C) and XEROX (NYSE:XRX) were the volume leaders on the NYSE.

Existing-home sales posted an unexpected 2.7% decline in August, to a 5.1 million-unit annual rate, the first reversal after four months of gains.  The Dow Jones is now down 40 points on the news and the S&P 500 is down 8 points.

Place your bets investors, the talking heads along with the media are saying stocks can go higher, just take this article from Reuters on a 'mood shift post Lehman Brothers' as fuel to the fire.

Friday the equity markets cooled their jets after the Dow, S&P and Nasdaq hit 2009 highs. Falling oil prices dragged on the influential commodities sector and investors took a step back after pushing the major indexes to 11-month highs in the previous session.

Some extreme readings are appearing in a few Worden Bros. indicators that look at stocks relative to their 200 day moving averages. One is T2107, which simply looks at the percentage of stocks trading above their 200-Day moving averages. The other is T2109, which looks at the percentage of stocks trading at least 1 standard deviation above their 200-Day moving averages. Both indicators are near all time highs (dating back to 1986).