Title: Market Analysis with Jim Lowell

" Today investors waiting for earnings reports held a modest moves following a two day spike in stocks the major indexes but just a fraction of -- percent the numbers. The blue chips finish at 9725. Dropping more than five points the Nasdaq Composite closes at 2110 gaining six and three quarters. The S&P 500 ends at 1057. Up almost three regionally Bloomberg's New England index jumped nearly half a point. The New England tech stock indexes."

" Also fresh and our market analysis tonight Jim Lowell chief investment strategist and adviser investments an editor at fidelity investor dot com joins us from the newsroom good evening Jim could invest. Well Alcoa certainly had a positive day today out kind of clue about the economy were investors able to get from their numbers."

" Interestingly enough by the trade nalco is fairly robust throughout the day but even more heated in the after hours market because there's already just pointed out they delivered -- surprise profit. I'll go up over 6% in the after hours markets signaling that this. Is a market that is still really ready to run with the bulls -- could just get enough momentum wind in itself the reality though in terms of what Alcoa. Actually delivered how to deliver those profits is a little bit more sobering. Basically it was better metal prices and continues through massive layoffs. -- now laid off for more than 20000 employees. So basically it's better bottom line management still still an absence of top line sales. And I think that this immediate. After hours. Sort of knee jerk result could evaporate tomorrow is distributed to digest the report. The familiar story as painful cost cutting I imagine we'll be hearing a lot about that during this earnings season he will be the recurring theme no doubt about it and anytime there's a surprise to the upside you'll likely see the market follow that trend. And as long as there's not a dramatic. And an aggregate moved to the downside. As long as this earnings season could deliver the fact that we have in fact achieve stabilization. I think -- least -- hold onto the gains we've been able to mentions that on. An interesting report on mortgage applications a big jump last week got some 16%. Out what is your read and that well mortgage applications are always interest in the weekly numbers are very volatile month the last. Today's report bucked transit had been in manifested itself into an absence of you applicants into the into the mortgage pools so today reminds us that. At the bottom and I think the housing market is is in the bottoming process is the market -- economy -- At the bottom of buyers begin to circle back and if the price is right or more particular the mortgage rates are low enough. And the incentives are still in place they will step up to the plate so. I think maybe not fundamentally good news but certainly good enough another familiar theme in the consumer credit report today Americans are saving more and borrowing less -- this is the seven month so -- the -- the consumers of they have been. Just absolutely paying down their -- rather. Taking on -- debt. Twelve billion dollars off the balance sheets of credit cards well let's fundamentally good news for savers it's not great news for the banks that really rely heavily. On the income stream generated by those -- cards. Who's gonna be moving the markets for the rest of the weekend tomorrow jobless claims absolutely. But really right out of the -- will be -- is now because it really. Tremendous market I think probably positively at the open. And then we get into -- sort of a -- Friday when I think anything can happen. The deficit coming out of Washington health care debate these things continue to weigh on stocks as we move through this currencies."

" Our market wrap Kimball chief investment strategist at adviser investments an editor of fidelity investor dot com thanks Jen thanks that's."