2/9 Watchlist

SPY (blue chip stocks) whipsawed higher and lower before retreating to the upper end of yesterday's trading range. Altogether, the exchange-traded fund plowed through three-quarters of a percent, low to high.

Long-term Treasury bonds (TLT) are down, indicating an expectation of higher interest rates ahead.

Crude oil (USO) has gapped up and is trading 3% above yesterday's close. Gold (GLD) is also on the rise, as are emerging markets.

The dollar is up smartly above the euro (EUR/USD), but against the yen is holding close to yesterday's trading range.

To the scans. Here's what's interesting in high-volume . . .

1/27 Watchlist

Blue chip stocks (SPY) barely blinked at a Federal Open Market Committee announcement that left low to non-existent interest rates in place while dishing out some modest happy talk about the economy's prospects.

SPY is trading down a bit from yesterday's range, Treasury long bonds (TLT) and gold (GLD) within the range, the dollar against the euro (EUR/USD) is worth a bit more, and oil (USO) is straddling the yesterday's range in a downward move.

In other words, its just another day in 2010's low-volatility paradise. (The VIX is trading down for the third straight day.)