Rally Monday!

• Nice rally on Wall Street! Volume looks a little light at first glance, though. The past week we have seen rallies on light volume and sell-offs on heavier volume. That usually doesn't turn out to the bulls' advantage over the long term.  Financials had a great day, and the market does need those to keep moving up.
• Craigslist CEO asks for apology.  Hey, how many folks are tearing out their rose gardens as I type because they no longer need to barter with the Craigslist "rose" currency?
• ATT may offer data plans cheaper, but will it cost you more?  Think about it, as they make a lot of money with overage charges on text messages, why not get the same thing going with data usage?
• Sex and the City's Cynthia Nixon to marry girlfriend (neither pictured). No wonder Miranda and Steve couldn't make it work.
• Critical concession talks between General Motors Corp. and the United Auto Workers are being overshadowed by a public spat about the automaker's plans to import vehicles from other countries while it closes 16 U.S. factories.  Again, the union doesn't seem to understand that those union contracts are what led GM here. 
• I saw Star Trek over the weekend.  Great flick. 
• Folks are upset that SlingPlayer mobile for the iPhone only works over wi-fi, as ATT doesn't want to see heavier data drains on their network.  HELLO.  You can download the Orb app and stream content from your PC to your iPhone over 3G.  That includes TV hooked up to your PC, videos on your PC, music on your PC, and any content available on your PC. 

Picture is of Annie Wersching, who plays agent Renee Walker on 24.

Same Data, Different Result

• Sure, the market fell today. But it's the same market that was going up with the bad news earlier. It's not like the underlying data has changed much.
• Despite that, weak retail sales and home foreclosures get the blame today.  Volume seems to be picking up, so it'll be interesting to see how long IBD keeps their "market is in a confirmed uptrend" comment in the Big Picture.
• IBD is out at 5pm EDT, right?  Minutes away...  Drum roll...
• I've been writing about the seasonality stuff recently.
• Natural Gas (UNG) pulled back. Interesting entry over at Adam Warner's on UNG that anyone who plays it may want to read.
• Green Shoots Withering from WSJ blog.
• SlingPlayer Mobile comes out for the iPhone, but is limited to wi-fi only.  No 3G network.  So if you're in your house, you might as well just go into the family room and watch the TV.  Just saying.  And at a hotspot, you only have 2 hours a day.  You can use a mobile version on a Windows mobile phone all you want with ATT.  But not the iPhone.  Read about it.
• Of course, you can cut out the middleman and just get the Orb app for the iPhone and stream your TV and PC content over ATT's 3G all you want.  Till the cows (the size of schnauzers) come home.  I don't know why anyone would pay for Slingbox + SlingPlayer mobile.  But that's just me.