The changing of guards.

Friday marked an end to the stock market's run under the administration of President George W. Bush.

By contrast, under his predecessor, William Clinton, the S&P tripled, gaining more than $9 trillion. Bush is the first president since Richard M. Nixon to preside over a net fall in stocks during his term.

So with the new Barack Obama's administration taking over the wheel,Stocks should get a boost from enthusiasm about the inauguration.

Tracking the Dow on Friday,16/01/09.
Third Friday---Dow Futures Expiry Day.

9:30am:--A mild gap-up & shooting star,

Citigroup Reports Q4 (Dec) loss of $1.72 per share, $0.41 worse than the First Call consensus of ($1.31).

10:30am:--Early gap-up fully filled,a rebound with double shooting stars at near top.

JP Morgan Chase announces it has extended its mortgage modification efforts to the investor-owned loans that it services (JPM) 23.04 -1.30
11:30am:--Bearish engulfing harami.

Crude oil moves back into negative territory after trading as high as $36.73; now off 15 cents to $35.25 .

12:30 noon:--Morning session closes at low with an inverted bullish hammer.

S&P affirms rating on Bank Of America; outlook negative (BAC) 7.51 -0.81

1:30pm:---Bullish spike up heading towards MAV.

Chrysler Financial confirms access to $1.5 bln in loans from the Treasury Department .

2:30pm:--Sideways movement at the MAV.

Washington Banking Co. receives $26.38 million investment under U.S. Treasury's Capital Purchase Program (WBCO) 7.18 -0.58 :

3:30pm:--Bulls holding strongly above the MAV zone.

Moody's places Citigroup's ratings (snr at A2 and Prime-1) under review for possible downgrade (C) 3.76 -0.07

4:00pm:--Bearish hammer unwinding within the bull's body.
Texas Capital issues $75 mln of preferred stock and warrants under the U.S. Treasury's Capital Purchase Program (TCBI) 11.11 -0.16 .
The hammering has completed right till the day of the Dow Index Futres expiry.The start of new season again.The bulls are waiting for another rampage.

Stocks rose on Friday on strength in the energy sector and companies that hold up well in recessions, while reassuring comments from Britain's Barclays late in the day helped financials cut losses that had driven the market lower earlier.