*SCALPSWINGSTRADDLE*

[MARKETEDGE]

Tue Jan 20 10:00:00 EST 2009 | Briefing.com
Selling pressure has intensified in the broader market, taking the S&P 500 lower. The selling effort hasn't been limited to just equities, though; select commodities have also come under pressure.

Crude oil for February delivery is down 1.9% to $35.80 per barre. February crude futures expire after the close of this session's pit trading. March crude oil futures are down 2.0% to trade hands at $41.70 per barrel. Both contracts have pulled up from earlier levels where February contracts traded more than 10% lower and March contracts were down more than 5% in electronic trading.

Natural gas contracts were recently indicated at $4.72, down little more than $0.07 per contract. Natural gas had taken out overnight lows at $4.57 per contract.

Metals are showing some resilience to the early broad-based selling effort. Gold is currently up 1.9% to $856.00 per ounce. Silver has added a more modest 0.7% to trade near $11.30 per ounce.

Early movers: Trading up: FAZ +16.1%, PHK +12.8%, SKF +12.1%, IRIS +11.7%, ANDS +11.5%, FXP +6.9%, NBL +6.2%... Trading down: APPY -70.5%, RBS -66.9%, LYG -56.6%, STT -52.2%, BCS -37.4%, VSEC -26.8%, BK -22.7%, ING -19.9%, BABY -19.3%, PNC -19%, C-M -18.4%, VE -16.6%, BAC -16.6%, FAS -15.4%, NTRS -14.8%, HBC -14.6%, RKH -14.4%, C-P -14.2%, DB -14.2%, CS -14.2%.